Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pure Storage Inc shares valued at $441,993 were sold by FitzSimons Dan on Mar 21 ’25. At $49.69 per share, FitzSimons Dan sold 8,895 shares. The insider’s holdings dropped to 97,200 shares worth approximately $4.71 million following the completion of this transaction.
Also, DANIEL P FITZSIMONS purchased 8,895 shares, netting a total of over 441,981 in proceeds.
Before that, Singh Ajay had sold 19,972 shares from its account. In a trade valued at $1,229,876, the Chief Product Officer traded Pure Storage Inc shares for $61.58 each. Upon closing the transaction, the insider’s holdings decreased to 19,972 shares, worth approximately $12.7 million.
As published in a research note from Piper Sandler on December 04, 2024, Pure Storage Inc [PSTG] has been rated up from a Neutral to an Overweight and the price target has been revised to $76 from $56. Analysts at Wells Fargo resumed the stock at ‘”an Overweight”‘ outlook in a report released in early December. As of December 04, 2024, TD Cowen has reiterated its “Buy” rating for PSTG. Earlier on December 04, 2024, Stifel resumed its rating. Their recommendation was “a Hold” for PSTG stock.
Analyzing PSTG Stock Performance
During the last five days, there has been a drop of approximately -4.63%. Over the course of the year, Pure Storage Inc shares have dropped approximately -21.15%. Shares of the company reached a 52-week high of $73.67 on 01/22/25 and a 52-week low of $46.56 on 03/10/25. A 50-day SMA is recorded $60.40, while a 200-day SMA reached $58.16.
Support And Resistance Levels for Pure Storage Inc (PSTG)
According to the 24-hour chart, there is a support level at 47.92, which, if violated, would cause prices to drop to 47.40. In the upper region, resistance lies at 49.39. The next price resistance is at 50.33. RSI (Relative Strength Index) is 35.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.46, which suggests the price will decrease in the coming days. Percent R is at 72.71%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
