Bullish Case: PEN's resilience in innovative medical technologies, strong thrombectomy sales, and the EMBOLIZE trial show promise. The 11% higher bullish risk indicates potential market underestimation, poised for a rebound.


Bearish Case: PEN's high price-to-book ratio and recent sharp price declines inject skepticism. Premium valuations amidst economic uncertainties suggest potential overvaluation risks and limited upside.


Potential Outcomes:

1. 65% chance the EMBOLIZE trial fuels investor confidence and boosts price.

2. 55% chance high valuation leads to correction.

3. 40% chance significant volatility will occur short term based on market-implied forecasts.


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April 18, 2024


Penumbra Forecast

PEN        Penumbra
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with PEN



SJM Forecast + Options Trading Strategies   [SJM]  J.M. Smucker (0.87)


ILMN Forecast + Options Trading Strategies   [ILMN]  Illumina (0.87)


RICK Forecast + Options Trading Strategies   [RICK]  RCI Hospitality (0.87)


NEP Forecast + Options Trading Strategies   [NEP]  NextEra Energy (0.85)


JACK Forecast + Options Trading Strategies   [JACK]  Jack In The Box (0.84)



Uncorrelated Stock Forecasts

Assets with little price relationship to PEN



EWC Forecast + Options Trading Strategies   [EWC]  BlackRock Institutional Trust Company N.A. - iShares MSCI Canada (-0.0)


FSK Forecast + Options Trading Strategies   [FSK]  FS KKR (-0.0)


SWK Forecast + Options Trading Strategies   [SWK]  Stanley Black & Decker (0.0)


MRVL Forecast + Options Trading Strategies   [MRVL]  Marvell Technology (0.0)


CSGP Forecast + Options Trading Strategies   [CSGP]  Costar Group (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PEN



FTI Forecast + Options Trading Strategies   [FTI]  TechnipFMC (-0.77)


CNQ Forecast + Options Trading Strategies   [CNQ]  Canadian Natural Resources (-0.78)


RRC Forecast + Options Trading Strategies   [RRC]  Range Resources (-0.78)


CME Forecast + Options Trading Strategies   [CME]  CME (-0.81)


OBE Forecast + Options Trading Strategies   [OBE]  Obsidian Energy (-0.83)





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