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Impinj Inc [PI] stock for 777,433 USD was sold by DIORIO CHRIS PH.D.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Impinj Inc shares valued at $777,433 were sold by DIORIO CHRIS PH.D. on Jul 02 ’24. At $155.49 per share, DIORIO CHRIS PH.D. sold 5,000 shares. The insider’s holdings dropped to 289,474 shares worth approximately $46.27 million following the completion of this transaction.

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Also, DIORIO CHRIS PH.D. sold 5,000 shares, netting a total of over 770,135 in proceeds. Following the sale of shares at $154.03 each, the insider now holds 289,474 shares.

Before that, DIORIO CHRIS PH.D. had sold 5,000 shares from its account. In a trade valued at $750,308, the CHIEF EXECUTIVE OFFICER traded Impinj Inc shares for $150.06 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $46.27 million.

As published in a research note from Goldman on May 20, 2024, Impinj Inc [PI] has been rated down from a Buy to a Neutral and the price target has been revised to $156. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of April 16, 2024, Evercore ISI has initiated its “an Outperform” rating for PI. Earlier on March 14, 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 4.65%. Over the course of the year, Impinj Inc shares have jumped approximately 77.55%. Shares of the company reached a 52-week high of $175.41 on 05/16/24 and a 52-week low of $78.17 on 01/16/24. A 50-day SMA is recorded $157.73, while a 200-day SMA reached $106.61. Nevertheless, trading volume fell to 0.11 million shares from 0.19 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 157.48, which, if violated, would cause prices to drop to 155.08. In the upper region, resistance lies at 161.54. The next price resistance is at 163.20. RSI (Relative Strength Index) is 57.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.46, which suggests the price will increase in the coming days. Percent R is at 5.46%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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