The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Impinj Inc shares valued at $3,919,790 were sold by DIORIO CHRIS PH.D. on Apr 26 ’24. At $147.02 per share, DIORIO CHRIS PH.D. sold 26,661 shares. The insider’s holdings dropped to 286,230 shares worth approximately $44.27 million following the completion of this transaction.
Also, PHELAN CATHAL G sold 10,000 shares, netting a total of over 1,479,359 in proceeds. Following the sale of shares at $147.94 each, the insider now holds 15,801 shares.
Before that, DOSSETT JEFFREY had sold 8,000 shares from its account. In a trade valued at $1,166,128, the CHIEF REVENUE OFFICER traded Impinj Inc shares for $145.77 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $9.41 million.
As published in their initiating research note from Evercore ISI on April 16, 2024, Impinj Inc [PI] has been an Outperform and the price target has been revised to $160. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in mid March. As of February 09, 2024, Needham has reiterated its “Buy” rating for PI. Earlier on January 18, 2024, Needham resumed its rating. Their recommendation was “a Buy” for PI stock.
Analyzing PI Stock Performance
During the last five days, there has been a surge of approximately 27.91%. Over the course of the year, Impinj Inc shares have jumped approximately 71.79%. Shares of the company reached a 52-week high of $160.71 on 04/30/24 and a 52-week low of $78.17 on 01/16/24. A 50-day SMA is recorded $122.02, while a 200-day SMA reached $86.46. Nevertheless, trading volume fell to 0.69 million shares from 0.74 million shares the previous day.
Support And Resistance Levels for Impinj Inc (PI)
According to the 24-hour chart, there is a support level at 152.22, which, if violated, would cause prices to drop to 149.77. In the upper region, resistance lies at 157.90. The next price resistance is at 161.13. RSI (Relative Strength Index) is 68.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 24.22, which suggests the price will increase in the coming days. Percent R is at 13.23%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
