Penumbra ( (PEN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Penumbra’s stock has been moving due to Wells Fargo’s decision to add the company to its Q4 2025 Tactical Ideas List. This move is driven by potential near-term catalysts such as the STORM-PE project and the anticipated FDA approval of Thunderbolt, which could expand Penumbra’s market and boost its shares. The company’s management is also optimistic about the latter half of 2025.
More about Penumbra
YTD Price Performance: 5.55%
Average Trading Volume: 461,270
Technical Sentiment Signal: Buy
Current Market Cap: $9.81B
For further insights into PEN stock on TipRanks’ Stock Analysis page.
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