While PD is in a bullish trend, it appears to have failed to break above the line, resulting in a decline. I see a great swing buy near the bottom if it does not break below the lines. People believe the stock is down because the CEO sold 200k shares, however the major reason is that shares of PagerDuty (NYSE: PD) were trading down today after the cloud-computing firm's first-quarter earnings report failed to impress investors. PagerDuty's company is benefiting from the rebound, as both macrotrends and the market environment continue to favor us. 9 analysts provided 12-month price estimates, with a median goal of 53.00, a high estimate of 59.00, and a low estimate of 35.00. The consensus forecast is a +24.06 percent gain over the previous price of 42.72.
Not a financial advise. DYOR
Not a financial advise. DYOR