In a filing, Power Integrations Inc. revealed its VP of Operations Gupta Sunil unloaded Company’s shares for reported $0.14 million on Aug 27 ’24. In the deal valued at $65.90 per share,2,127 shares were sold. As a result of this transaction, Gupta Sunil now holds 51,899 shares worth roughly $3.27 million.
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Then, Bailey Doug sold 165 shares, generating $11,055 in total proceeds. Upon selling the shares at $67.00, the VP Marketing now owns 94,924 shares.
Before that, Yee Yang Chiah sold 1,412 shares. Power Integrations Inc. shares valued at $104,135 were divested by the VP, Worldwide Sales at a price of $73.75 per share. As a result of the transaction, Yee Yang Chiah now holds 45,436 shares, worth roughly $2.86 million.
Northland Capital upgraded its Power Integrations Inc. [POWI] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Hold”‘ rating for it. Northland Capital also remained covering POWI and has increased its forecast on February 26, 2024 with a “Market perform” recommendation from previously “an Under perform” rating. Northland Capital revised its rating on February 12, 2024. It rated POWI as “an Under perform” which previously was an “a Market perform”.
Price Performance Review of POWI
On Friday, Power Integrations Inc. [NASDAQ:POWI] saw its stock jump 0.85% to $62.95. Over the last five days, the stock has lost -1.76%. Power Integrations Inc. shares have fallen nearly -23.33% since the year began. Nevertheless, the stocks have fallen -8.13% over the past one year. While a 52-week high of $89.68 was reached on 02/09/24, a 52-week low of $56.63 was recorded on 09/11/24. SMA at 50 days reached $62.59, while 200 days put it at $69.80.
Levels Of Support And Resistance For POWI Stock
The 24-hour chart illustrates a support level at 62.21, which if violated will result in even more drops to 61.46. On the upside, there is a resistance level at 64.09. A further resistance level may holdings at 65.22. The Relative Strength Index (RSI) on the 14-day chart is 50.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.11%. Stochastics %K at 32.67% indicates the stock is a holding.
How much short interest is there in Power Integrations Inc.?
A steep rise in short interest was recorded in Power Integrations Inc. stocks on 2024-10-15, dropping by -0.49 million shares to a total of 3.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.79 million shares. There was a decline of -14.94%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 09, 2024 when TD Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $80.
