In a filing, Penguin Solutions Inc revealed its EVP, COO, Pres, Integrated Mem Pacheco Jack A unloaded Company’s shares for reported $0.15 million on Feb 20 ’25. In the deal valued at $22.14 per share,6,667 shares were sold. As a result of this transaction, Pacheco Jack A now holds 231,548 shares worth roughly $4.44 million.
Then, Clark Joseph Gates sold 2,131 shares, generating $44,615 in total proceeds. Upon selling the shares at $20.94, the SVP and Pres, Optimized LED now owns 89,469 shares.
Before that, JOSEPH CLARK bought 2,131 shares. Penguin Solutions Inc shares valued at $45,476 were divested by the Officer at a price of $21.34 per share.
Loop Capital initiated its Penguin Solutions Inc [PENG] rating to a Buy in a research note published on January 07, 2025; the price target was $30. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in mid November with a ‘”a Mkt outperform”‘ rating. Goldman began covering PENG with “Buy” recommendation on November 01, 2024. Needham maintained its rating on October 16, 2024. It rated PENG as “a Buy”.
Price Performance Review of PENG
On Tuesday, Penguin Solutions Inc [NASDAQ:PENG] saw its stock jump 1.54% to $19.18. Over the last five days, the stock has gained 15.37%. Penguin Solutions Inc shares have fallen nearly -0.05% since the year began. Nevertheless, the stocks have fallen -15.39% over the past one year. While a 52-week high of $29.81 was reached on 02/18/25, a 52-week low of $14.87 was recorded on 03/11/25. SMA at 50 days reached $19.82, while 200 days put it at $20.09.
Levels Of Support And Resistance For PENG Stock
The 24-hour chart illustrates a support level at 18.79, which if violated will result in even more drops to 18.39. On the upside, there is a resistance level at 19.57. A further resistance level may holdings at 19.95. The Relative Strength Index (RSI) on the 14-day chart is 51.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.70%. Stochastics %K at 48.07% indicates the stock is a holding.
How much short interest is there in Penguin Solutions Inc?
A steep rise in short interest was recorded in Penguin Solutions Inc stocks on 2025-02-28, growing by 0.7 million shares to a total of 7.47 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 6.78 million shares. There was a rise of 9.32%, which implies that there is a positive sentiment for the stock.
