Penumbra Inc’s filing revealed that its CEO and President Elsesser Adam unloaded Company’s shares for reported $4.59 million on Mar 19 ’25. In the deal valued at $276.21 per share,16,600 shares were sold. As a result of this transaction, Elsesser Adam now holds 27,752 shares worth roughly $7.87 million.
Then, ADAM ELSESSER bought 16,600 shares, generating $4,585,104 in total proceeds.
Before that, Elsesser Adam sold 61,600 shares. Penumbra Inc shares valued at $17,468,917 were divested by the CEO and President at a price of $283.59 per share. As a result of the transaction, Elsesser Adam now holds 16,376 shares, worth roughly $4.64 million.
BofA Securities initiated its Penumbra Inc [PEN] rating to a Buy in a research note published on March 14, 2025; the price target was $320. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. Oppenheimer began covering PEN with “an Outperform” recommendation on December 17, 2024. Wells Fargo revised its rating on December 11, 2024. It rated PEN as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of PEN
On Tuesday, Penumbra Inc [NYSE:PEN] saw its stock fall -0.98% to $283.42. Over the last five days, the stock has gained 2.95%. Penumbra Inc shares have risen nearly 19.34% since the year began. Nevertheless, the stocks have risen 24.55% 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 $273.40, while 200 days put it at $223.60.
Levels Of Support And Resistance For PEN Stock
The 24-hour chart illustrates a support level at 279.72, which if violated will result in even more drops to 276.03. On the upside, there is a resistance level at 287.84. A further resistance level may holdings at 292.27. The Relative Strength Index (RSI) on the 14-day chart is 55.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.12%. Stochastics %K at 85.86% indicates the stock is a selling.
How much short interest is there in Penumbra Inc?
A steep rise in short interest was recorded in Penumbra Inc stocks on 2025-03-14, dropping by -0.45 million shares to a total of 1.22 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.68 million shares. There was a decline of -37.0%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 18, 2024 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $238 price target.
