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The Potential Rise in the Price of Power Integrations Inc. (POWI) following insiders activity

In a filing, Power Integrations Inc. revealed its President and CEO BALAKRISHNAN BALU unloaded Company’s shares for reported $0.67 million on Apr 02 ’24. In the deal valued at $68.61 per share,9,799 shares were sold. As a result of this transaction, BALAKRISHNAN BALU now holds 552,161 shares worth roughly $41.64 million.

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Then, NAYYAR SANDEEP sold 1,946 shares, generating $134,353 in total proceeds. Upon selling the shares at $69.04, the Chief Financial Officer now owns 95,037 shares.

Before that, Barsan Radu sold 1,687 shares. Power Integrations Inc. shares valued at $116,473 were divested by the VP of Technology, Engineering at a price of $69.04 per share. As a result of the transaction, Barsan Radu now holds 42,782 shares, worth roughly $3.23 million.

Northland Capital upgraded its Power Integrations Inc. [POWI] rating to a Market perform from a an Under perform in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who decreased its forecast for the stock in mid February from “a Market perform” to “an Under perform”. TD Cowen also remained covering POWI and reiterated its “Market perform” recommendation on February 09, 2024. Northland Capital revised its rating on July 17, 2023. It rated POWI as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of POWI

On Friday, Power Integrations Inc. [NASDAQ:POWI] saw its stock fall -2.50% to $75.41. Over the last five days, the stock has gained 9.93%. Power Integrations Inc. shares have fallen nearly -8.16% since the year began. Nevertheless, the stocks have fallen -6.86% over the past one year. While a 52-week high of $99.60 was reached on 02/09/24, a 52-week low of $62.12 was recorded on 04/19/24. SMA at 50 days reached $69.78, while 200 days put it at $76.20. A total of 0.62 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For POWI Stock

The 24-hour chart illustrates a support level at 74.71, which if violated will result in even more drops to 74.02. On the upside, there is a resistance level at 76.80. A further resistance level may holdings at 78.20. The Relative Strength Index (RSI) on the 14-day chart is 65.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.85%. Stochastics %K at 93.10% indicates the stock is a selling.

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