In a filing, Penumbra Inc revealed its CEO and President Elsesser Adam unloaded Company’s shares for reported $17.47 million on Mar 05 ’25. In the deal valued at $283.59 per share,61,600 shares were sold. As a result of this transaction, Elsesser Adam now holds 16,376 shares worth roughly $4.21 million.
Then, Roberts Johanna sold 600 shares, generating $172,458 in total proceeds. Upon selling the shares at $287.43, the EVP, Gen. Counsel & Secretary now owns 66,539 shares.
Before that, O’Rourke Bridget sold 50 shares. Penumbra Inc shares valued at $14,274 were divested by the Director at a price of $285.48 per share. As a result of the transaction, O’Rourke Bridget now holds 5,573 shares, worth roughly $1.43 million.
UBS initiated its Penumbra Inc [PEN] rating to a Buy in a research note published on January 21, 2025; the price target was $305. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. Wells Fargo also remained covering PEN and has increased its forecast on December 11, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Stifel started covering the stock on September 18, 2024. It rated PEN as “a Buy”.
Price Performance Review of PEN
On Monday, Penumbra Inc [NYSE:PEN] saw its stock fall -6.39% to $257.24. Over the last five days, the stock has lost -10.02%. Penumbra Inc shares have risen nearly 8.32% since the year began. Nevertheless, the stocks have risen 3.12% over the past one year. While a 52-week high of $310.00 was reached on 02/19/25, a 52-week low of $148.00 was recorded on 01/06/25. SMA at 50 days reached $266.43, while 200 days put it at $219.06.
Levels Of Support And Resistance For PEN Stock
The 24-hour chart illustrates a support level at 251.44, which if violated will result in even more drops to 245.64. On the upside, there is a resistance level at 267.77. A further resistance level may holdings at 278.30. The Relative Strength Index (RSI) on the 14-day chart is 38.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.01%. Stochastics %K at 17.52% indicates the stock is a buying.
The most recent change occurred on September 03, 2024 when Leerink Partners began covering the stock and recommended ‘”an Outperform”‘ rating along with a $263 price target.
