Extremely significant negative changes in Pure Storage Inc (NYSE: PSTG) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, its longer term price trend turned down, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Pure Storage has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Pure Storage has a poor Appreciation Score of 17 but a neutral Power Rating of 51, and the Negative Value Trend Rating results.
Recent Price Action
Pure Storage Inc (NYSE: PSTG) stock closed at $52.47 on 2/28/25 after a modest decline of -1.4%. Moreover, trading volume in this decline was exceptionally high at 231% of normal. The stock has declined -22.6% during the last week and has performed in line with the market over the last nine months.
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