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PEN

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    7.7966$
  • Previous Close
    7.7924$
  • 52 Week Change
    16.40$
  • Day Range
    0.00$
  • 52 Week High/Low
    7$ - 23.4$
  • Dividend Per Share
    --
  • Market cap
    464 M$
  • EPS
    -1.9164
  • Beta
    0.133
  • Volume
    --

About

PEN.PR represents preferred shares issued by Penumbra, Inc., a global healthcare company focused on innovative therapies for neurovascular and vascular diseases. These preferred shares, designated as Series 1 Cumulative Perpetual Preferred Stock, pay a fixed dividend, offering investors a stream of income. Unlike common stock, preferred shares have priority over common stock in the event of liquidation and generally do not carry voting rights. The "PR" in the symbol signifies that it is a preferred stock offering.

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Factors

PEN.PR represents preferred stock issued by Penumbra, Inc. Several factors can influence its price: Interest Rate Changes: Rising interest rates make fixed-income investments like preferred stock less attractive, decreasing price. Conversely, falling rates increase price.

Penumbra's Financial Health: A stronger Penumbra suggests a greater ability to pay preferred dividends, increasing investor confidence and price. Weak financials do the opposite.

Credit Rating: Improved credit ratings from agencies like Moody's or S&P boost investor confidence, increasing the stock's price. Downgrades reduce price.

Dividend Yield: A higher dividend yield compared to similar preferred stocks can attract investors, driving up the price. A lower yield makes it less competitive.

Call Provisions: If the stock is callable, the possibility of Penumbra redeeming shares at a fixed price can limit price appreciation.

Market Conditions: Broad market trends and investor sentiment can impact preferred stock prices, even if Penumbra's specific situation remains unchanged.

Liquidity: Low trading volume can lead to price volatility and wider bid-ask spreads, making it harder to buy or sell at desired prices.

Inflation Expectations: Rising inflation erodes the value of fixed dividend payments, potentially decreasing the price of PEN.PR.

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