Impinj Inc’s filing revealed that its CHIEF FINANCIAL OFFICER Baker Cary unloaded Company’s shares for reported $1.59 million on May 02 ’24. In the deal valued at $159.08 per share,10,000 shares were sold. As a result of this transaction, Baker Cary now holds 67,948 shares worth roughly $11.27 million.
Then, MECKLAI HUSSEIN sold 5,000 shares, generating $771,882 in total proceeds. Upon selling the shares at $154.38, the CHIEF OPERATING OFFICER now owns 55,414 shares.
Before that, DIORIO CHRIS PH.D. sold 26,661 shares. Impinj Inc shares valued at $3,919,790 were divested by the CHIEF EXECUTIVE OFFICER at a price of $147.02 per share. As a result of the transaction, DIORIO CHRIS PH.D. now holds 286,230 shares, worth roughly $47.49 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 1.59% to $165.93. Over the last five days, the stock has gained 4.11%. Impinj Inc shares have risen nearly 84.31% since the year began. Nevertheless, the stocks have risen 89.98% over the past one year. While a 52-week high of $163.97 was reached on 05/07/24, a 52-week low of $48.39 was recorded on 01/16/24. SMA at 50 days reached $126.87, while 200 days put it at $88.00. A total of 0.38 million shares were traded, compared to the trading of 0.34 million shares in the previous session.
Levels Of Support And Resistance For PI Stock
The 24-hour chart illustrates a support level at 162.82, which if violated will result in even more drops to 159.72. On the upside, there is a resistance level at 168.24. A further resistance level may holdings at 170.55. The Relative Strength Index (RSI) on the 14-day chart is 73.70, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.89%. Stochastics %K at 97.07% indicates the stock is a selling.
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.
