Impinj Inc’s recently made public that its CHIEF EXECUTIVE OFFICER DIORIO CHRIS PH.D. unloaded Company’s shares for reported $0.15 million on Apr 15 ’24. In the deal valued at $118.67 per share,1,244 shares were sold. As a result of this transaction, DIORIO CHRIS PH.D. now holds 286,230 shares worth roughly $35.4 million.
Then, DOSSETT JEFFREY sold 498 shares, generating $59,111 in total proceeds. Upon selling the shares at $118.70, the CHIEF REVENUE OFFICER now owns 60,850 shares.
Before that, MECKLAI HUSSEIN sold 435 shares. Impinj Inc shares valued at $51,656 were divested by the CHIEF OPERATING OFFICER at a price of $118.75 per share. As a result of the transaction, MECKLAI HUSSEIN now holds 55,414 shares, worth roughly $6.85 million.
Evercore ISI initiated its Impinj Inc [PI] rating to an Outperform in a research note published on April 16, 2024; the price target was $160. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid March has reiterated a ‘”a Buy”‘ rating for it. Needham also remained covering PI and reiterated its “Buy” recommendation on February 09, 2024. Needham maintained its rating on January 18, 2024. It rated PI as “a Buy”.
Price Performance Review of PI
On Tuesday, Impinj Inc [NASDAQ:PI] saw its stock jump 2.84% to $123.68. Over the last five days, the stock has gained 1.89%. Impinj Inc shares have risen nearly 37.38% since the year began. Nevertheless, the stocks have fallen -11.65% over the past one year. While a 52-week high of $141.03 was reached on 03/14/24, a 52-week low of $48.39 was recorded on 01/16/24. SMA at 50 days reached $116.56, while 200 days put it at $84.62. A total of 0.32 million shares were traded, compared to the trading of 0.28 million shares in the previous session.
Levels Of Support And Resistance For PI Stock
The 24-hour chart illustrates a support level at 120.87, which if violated will result in even more drops to 118.07. On the upside, there is a resistance level at 126.41. A further resistance level may holdings at 129.15. The Relative Strength Index (RSI) on the 14-day chart is 54.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.72%. Stochastics %K at 40.56% indicates the stock is a holding.
The most recent change occurred on December 13, 2023 when Susquehanna began covering the stock and recommended ‘”a Positive”‘ rating along with a $100 price target.
