Why Penguin Solutions, Inc. (PENG) stock rose 12.0% on Tuesday, November 3, 2026

Penguin Solutions, Inc. (PENG) closed at $53.19, up 11.98% on Tuesday, November 3, 2026, on volume of 3,135,774 shares (1.1× its 3-month average); market value about $2.70B.

What happened: primary sources

Events Nexqual found for PENG on Tuesday, November 3, 2026 or the trading day before (November 2, 2026):

• Nov 3, 2026: Schedule 13D: SK hynix Inc., HYAICO Corporation, 9.1% of shares, a 5%+ holder that may seek to influence the company source
  Quoted from the filing: “The information set forth in Item 6 of this Schedule 13D is hereby incorporated by reference. Other than as set forth in this Schedule 13D, the Reporting Persons do not have any present plans or proposals which relate to or would result in: (i) any acquisition by any person of additional securities of the Issuer, or any disposition of securities of the Issuer; (ii) any extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (iii) any sale or transfer of a material amount of assets of the Issuer or any of its…”
• Nov 2, 2026: Schedule 13D/A: SK Telecom Co., Ltd., Astra AI Infra LLC, 0.0% of shares, a 5%+ holder that may seek to influence the company source
  Quoted from the filing: “On October 29, 2026 (the "Closing Date"), pursuant to the Stock Transfer Agreement dated as of July 27, 2026 (the "Stock Transfer Agreement") between Astra, a special purpose vehicle established by SK Telecom Co., Ltd. ("SKT") to invest in the Issuer, and SHIFTIX1 LLC (the "Purchaser"), Astra sold to the Purchaser all 200,000 Preferred Shares. Purchaser is an indirectly wholly owned subsidiary of SK hynix NAND Product Solutions Corp. ("AI Co."), and AI Co. is a majority-owned subsidiary of SK hynix Inc. Following such sale, Astra and SKT ceased to beneficially own any securities of the Issuer.”

These are listed as context. A filing or rating change on the same day is not proof that it caused the move; read the source.

More on PENG

PENG stock page: price, SEC financials, insider trades, superinvestor holders, analyst estimates and options. Other big moves that day: November 3, 2026.

Sources: SEC EDGAR, Nexqual Earnings Flash, analyst rating changes, Nexqual market data. Built November 4, 2026 at 09:48 UTC. Not investment advice.

Data source: Nexqual. Last updated: November 4, 2026 at 09:48 UTC. This page is informational and not investment advice.

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