Impinj Inc’s recent filing unveils that its Officer MECKLAI HUSSEIN acquired Company’s shares for reported $2.05 million on Oct 28 ’24. In the deal valued at $204.75 per share,10,000 shares were bought.
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Then, Baker Cary bought 15,000 shares, generating $3,073,470 in total proceeds.
Before that, MECKLAI HUSSEIN sold 427 shares. Impinj Inc shares valued at $101,520 were divested by the CHIEF OPERATING OFFICER at a price of $237.75 per share. As a result of the transaction, MECKLAI HUSSEIN now holds 60,041 shares, worth roughly $12.35 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 2.46% to $205.63. Over the last five days, the stock has lost -9.47%. Impinj Inc shares have risen nearly 128.40% since the year began. Nevertheless, the stocks have risen 234.14% over the past one year. While a 52-week high of $239.88 was reached on 10/14/24, a 52-week low of $58.56 was recorded on 01/16/24. SMA at 50 days reached $197.15, while 200 days put it at $151.86.
Levels Of Support And Resistance For PI Stock
The 24-hour chart illustrates a support level at 200.25, which if violated will result in even more drops to 194.86. On the upside, there is a resistance level at 210.35. A further resistance level may holdings at 215.06. The Relative Strength Index (RSI) on the 14-day chart is 45.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -23.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.84%. Stochastics %K at 20.05% 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 2024-10-15, growing by 0.83 million shares to a total of 3.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.07 million shares. There was a rise of 21.17%, 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.
