Impinj Inc’s recent filing unveils that its CHIEF INNOVATION OFFICER PHELAN CATHAL G unloaded Company’s shares for reported $43711.0 on Sep 24 ’24. In the deal valued at $209.15 per share,209 shares were sold. As a result of this transaction, PHELAN CATHAL G now holds 17,647 shares worth roughly $3.85 million.
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Then, MECKLAI HUSSEIN sold 822 shares, generating $171,945 in total proceeds. Upon selling the shares at $209.18, the CHIEF OPERATING OFFICER now owns 59,374 shares.
Before that, DOSSETT JEFFREY sold 577 shares. Impinj Inc shares valued at $120,706 were divested by the CHIEF REVENUE OFFICER at a price of $209.20 per share. As a result of the transaction, DOSSETT JEFFREY now holds 64,532 shares, worth roughly $14.09 million.
Cantor Fitzgerald initiated its Impinj Inc [PI] rating to an Overweight in a research note published on July 18, 2024; the price target was $205. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who remained covering the stock and in mid July has reiterated a ‘”an Overweight”‘ rating for it. Goldman also remained covering PI and has decreased its forecast on May 20, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies started covering the stock on May 13, 2024. It rated PI as “a Buy”.
Price Performance Review of PI
On Friday, Impinj Inc [NASDAQ:PI] saw its stock jump 2.20% to $218.34. Over the last five days, the stock has gained 2.36%. Impinj Inc shares have risen nearly 142.52% since the year began. Nevertheless, the stocks have risen 327.11% over the past one year. While a 52-week high of $220.17 was reached on 09/26/24, a 52-week low of $48.39 was recorded on 01/16/24. SMA at 50 days reached $174.35, while 200 days put it at $140.91.
Levels Of Support And Resistance For PI Stock
The 24-hour chart illustrates a support level at 215.38, which if violated will result in even more drops to 212.43. On the upside, there is a resistance level at 220.65. A further resistance level may holdings at 222.96. The Relative Strength Index (RSI) on the 14-day chart is 73.54, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.18%. Stochastics %K at 85.27% indicates the stock is a selling.
How much short interest is there in Impinj Inc?
A steep rise in short interest was recorded in Impinj Inc stocks on 2024-09-13, growing by 0.26 million shares to a total of 3.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.82 million shares. There was a rise of 8.32%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 16, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $160 price target.
