The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Penumbra Inc shares valued at $13,560 were sold by O’Rourke Bridget on Apr 15 ’25. At $271.21 per share, O’Rourke Bridget sold 50 shares. The insider’s holdings dropped to 5,523 shares worth approximately $1.53 million following the completion of this transaction.
Also, ADAM ELSESSER purchased 16,560 shares, netting a total of over 4,543,181 in proceeds.
Before that, Elsesser Adam had sold 16,565 shares from its account. In a trade valued at $4,509,728, the CEO and President traded Penumbra Inc shares for $272.24 each. Upon closing the transaction, the insider’s holdings decreased to 16,565 shares, worth approximately $14.56 million.
As published in their initiating research note from BofA Securities on March 14, 2025, Penumbra Inc [PEN] has been a Buy and the price target has been revised to $320. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in late January. As of December 17, 2024, Oppenheimer has initiated its “an Outperform” rating for PEN. Earlier on December 11, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for PEN stock which previously was a “an Equal weight”.
Analyzing PEN Stock Performance
During the last five days, there has been a surge of approximately 3.27%. Over the course of the year, Penumbra Inc shares have jumped approximately 16.79%. Shares of the company reached a 52-week high of $310.00 on 02/19/25 and a 52-week low of $222.59 on 01/06/25. A 50-day SMA is recorded $274.91, while a 200-day SMA reached $231.08.
Support And Resistance Levels for Penumbra Inc (PEN)
According to the 24-hour chart, there is a support level at 273.33, which, if violated, would cause prices to drop to 269.32. In the upper region, resistance lies at 281.07. The next price resistance is at 284.79. RSI (Relative Strength Index) is 53.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.46, which suggests the price will increase in the coming days. Percent R is at 9.96%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
