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Penumbra, Inc. (PEN)

NYSE - NYSE Delayed Price. Currency in USD
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226.59+2.47 (+1.10%)
At close: 1:00PM EST
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  • C
    CryptoCapitalist
    awfully quiet here... looks like it's all funds holding. QCM's short report is a must read, this company should be under investigation any day now.
    Bearish
  • f
    fedde
    I started following "awesomestokcalerts" (Gooogle it - off course without any space or dash in between the words) and their notifications are better than anyone else.
  • m
    marco
    Beat earnings and dropped 15%? Is this a good entry point?
  • m
    marco
    I was reviewing the institutional ownership and there are a lot of institutions that opened a position above this price. Now I don’t think they will sell at a lost instead they will likely average down on this dip.

    I’m not sure how long the recovery will take but from looking at earnings I can see exponential growth and solid long term fundamentals. They beat earnings delivering .15 vs .03. They also RAISED their outlook/guidance for 2018. And they increased their margin 270-basis pints year-over-year. I also see that they have no debt; therefore they shouldn’t have any solvency issues. And lastly they added to their cash equivalents (now at $57.9 million). This was a great quarter for them.

    By the way 70% institutional ownership means that institutions are the ones who decide on the PPS.

    It is very possible that an institution(s) sold blocks of shares at a discount to another institution(s) and caused some algorithmic selling.

    All in all, I think this dip is a bit oversold. The RSI on the hour chart is oversold, but the RSI on the daily tick chart is 36.15 which is slightly above oversold (has to be under 30).

    I got in near 125. If it drops more I will likely to add to my position.
  • S
    Sluggo Bear
    This sure is a quiet board. I'll be watching (maybe the only one here) but had to jump off this rocket at 153. Not for any good reason...and now it's up another 0.50. With such low volume and no news - maybe it was insider buying. Which argues against a buyout but we'll see. Good luck to anyone still on the ride here.
  • c
    chieu
    i think close at 128.00 today
  • j
    jonasl
    PE ratio over 500? that can't be good, is it?
  • B
    Bioengr
    If you read the SPC report (see Brian's post or search)... pretty disturbing and serious stuff. Market size and growth seems already factored into today's price. Significant downside potential IMO.
  • m
    marco
    Penumbra Price Target Raised to $150.00/Share From $140.00 by BMO Capital.

    Via https://www.benzinga.com/stock/PEN/ratings
  • B
    Bioengr
    I hear from neuro industry insiders (corp and physician) that competition from MDT, Terumo and others is looking very tough. At the current valuation, PEN seems quite overvalued.
  • C
    C
    Why is the s still dropping?
  • j
    jonasl
    The stock market is the only place where people run away from the clearance section! This is Black Friday in August for me! I'm loading up!
  • S
    Sluggo Bear
    PEN is real competition for Medtronic. I have to believe MDT is looking at buying this company. Not trying to hype too much but I did M&A for 15y in biomed ind. I'm long sure.
  • c
    chieu
    i am loading up more before green ..
  • a
    allan
    i own some mazor im consideri g adding some pen
  • a
    alex
    go up already
  • j
    jonasl
    This beast is about to wake up!
  • C
    Chris
    What do people not like here?
  • j
    jonasl
    This stock is solid! it's a bargain at this price imo.
  • R
    RCW
    Seams like we’re down on good news? I would think a virtual reality announcement with a good company like Penumbra would be huge!...