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 $665,126 were sold by PADVAL UMESH on Sep 13 ’24. At $188.47 per share, PADVAL UMESH sold 3,529 shares. The insider’s holdings dropped to 1,729 shares worth approximately $0.34 million following the completion of this transaction.
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Also, SYLEBRA CAPITAL LLC purchased 4,264,393 shares, netting a total of over 20,000,003 in proceeds. Following the buying of shares at $4.69 each, the insider now holds 33,050,456 shares.
Before that, PADVAL UMESH had added 3,529 shares to its account. In a trade valued at $665,126, the Director bought Impinj Inc shares for $188.47 each.
As published in their initiating research note from Cantor Fitzgerald on July 18, 2024, Impinj Inc [PI] has been an Overweight and the price target has been revised to $205. Analysts at Piper Sandler resumed the stock at ‘”an Overweight”‘ outlook in a report released in mid July. As of May 20, 2024, Goldman has decreased its “Buy” rating to a “Neutral” for PI. Earlier on May 13, 2024, Jefferies initiated 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 7.35%. Over the course of the year, Impinj Inc shares have jumped approximately 115.37%. Shares of the company reached a 52-week high of $198.00 on 09/18/24 and a 52-week low of $78.17 on 01/16/24. A 50-day SMA is recorded $164.04, while a 200-day SMA reached $133.31. Nevertheless, trading volume fell to 0.84 million shares from 0.64 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 186.55, which, if violated, would cause prices to drop to 179.19. In the upper region, resistance lies at 199.63. The next price resistance is at 205.35. RSI (Relative Strength Index) is 71.43 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.00, which suggests the price will increase in the coming days. Percent R is at 9.28%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
