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 $13.64 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $66.88 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 Monday, Impinj Inc [NASDAQ:PI] saw its stock jump 4.05% to $227.14. Over the last five days, the stock has lost -4.80%. Impinj Inc shares have risen nearly 152.29% since the year began. Nevertheless, the stocks have risen 337.90% 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 $191.95, while 200 days put it at $148.71.
Levels Of Support And Resistance For PI Stock
The 24-hour chart illustrates a support level at 218.58, which if violated will result in even more drops to 210.01. On the upside, there is a resistance level at 231.66. A further resistance level may holdings at 236.17. The Relative Strength Index (RSI) on the 14-day chart is 61.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.48%. Stochastics %K at 51.76% indicates the stock is a holding.
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.
