Impinj Inc’s recent filing unveils that its 10% Owner SYLEBRA CAPITAL LLC acquired Company’s shares for reported $40.53 million on Nov 05 ’24. In the deal valued at $196.58 per share,206,153 shares were bought.
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Then, SYLEBRA CAPITAL LLC sold 95,670 shares, generating $18,675,779 in total proceeds. Upon selling the shares at $195.21, the 10% Owner now owns 2,903,505 shares.
Before that, SYLEBRA CAPITAL LLC sold 22,373 shares. Impinj Inc shares valued at $4,362,735 were divested by the 10% Owner at a price of $195.00 per share. As a result of the transaction, SYLEBRA CAPITAL LLC now holds 2,999,175 shares, worth roughly $594.53 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 jump 2.76% to $198.23. Over the last five days, the stock has lost -0.89%. Impinj Inc shares have risen nearly 120.18% since the year began. Nevertheless, the stocks have risen 188.46% over the past one year. While a 52-week high of $239.88 was reached on 10/14/24, a 52-week low of $66.54 was recorded on 01/16/24. SMA at 50 days reached $201.10, while 200 days put it at $154.98.
Levels Of Support And Resistance For PI Stock
The 24-hour chart illustrates a support level at 194.72, which if violated will result in even more drops to 191.22. On the upside, there is a resistance level at 200.28. A further resistance level may holdings at 202.34. The Relative Strength Index (RSI) on the 14-day chart is 44.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.23%. Stochastics %K at 15.04% indicates the stock is a buying.
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.
