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Impinj Inc [PI] CHIEF FINANCIAL OFFICER makes an insider sale of 10,000 shares worth $1.59 million.

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 $11.42 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 $48.1 million.

Jefferies initiated its Impinj Inc [PI] rating to a Buy in a research note published on May 13, 2024; the price target was $200. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Needham also remained covering PI and reiterated its “Buy” recommendation on March 14, 2024. Needham maintained its rating on February 09, 2024. It rated PI as “a Buy”.

Price Performance Review of PI

On Tuesday, Impinj Inc [NASDAQ:PI] saw its stock jump 5.16% to $168.06. Over the last five days, the stock has gained 1.28%. Impinj Inc shares have risen nearly 86.67% since the year began. Nevertheless, the stocks have risen 80.03% over the past one year. While a 52-week high of $167.45 was reached on 05/14/24, a 52-week low of $48.39 was recorded on 01/16/24. SMA at 50 days reached $132.27, while 200 days put it at $90.16. A total of 0.45 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For PI Stock

The 24-hour chart illustrates a support level at 161.79, which if violated will result in even more drops to 155.53. On the upside, there is a resistance level at 171.52. A further resistance level may holdings at 174.99. The Relative Strength Index (RSI) on the 14-day chart is 70.16, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.70%. Stochastics %K at 88.94% indicates the stock is a selling.

The most recent change occurred on January 18, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $115.

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