Impinj Inc’s filing revealed that its CHIEF OPERATING OFFICER MECKLAI HUSSEIN unloaded Company’s shares for reported $0.1 million on Oct 14 ’24. In the deal valued at $237.75 per share,427 shares were sold. As a result of this transaction, MECKLAI HUSSEIN now holds 60,041 shares worth roughly $14.0 million.
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Then, DOSSETT JEFFREY sold 488 shares, generating $116,065 in total proceeds. Upon selling the shares at $237.84, the CHIEF REVENUE OFFICER now owns 65,294 shares.
Before that, DIORIO CHRIS PH.D. sold 1,219 shares. Impinj Inc shares valued at $289,901 were divested by the CHIEF EXECUTIVE OFFICER at a price of $237.82 per share. As a result of the transaction, DIORIO CHRIS PH.D. now holds 294,438 shares, worth roughly $68.68 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 Tuesday, Impinj Inc [NASDAQ:PI] saw its stock fall -2.23% to $233.25. Over the last five days, the stock has gained 4.32%. Impinj Inc shares have risen nearly 159.08% since the year began. Nevertheless, the stocks have risen 342.68% over the past one year. While a 52-week high of $239.88 was reached on 10/14/24, a 52-week low of $48.39 was recorded on 01/16/24. SMA at 50 days reached $185.32, while 200 days put it at $145.86.
Levels Of Support And Resistance For PI Stock
The 24-hour chart illustrates a support level at 227.48, which if violated will result in even more drops to 221.71. On the upside, there is a resistance level at 238.33. A further resistance level may holdings at 243.40. The Relative Strength Index (RSI) on the 14-day chart is 73.99, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.59%. Stochastics %K at 90.47% 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 2024-09-30, growing by 1.08 million shares to a total of 3.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.74 million shares. There was a rise of 28.23%, 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.
