Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Power Integrations Inc shares valued at $555,385 were sold by Bailey Doug on Nov 11 ’24. At $64.96 per share, Bailey Doug sold 8,549 shares. The insider’s holdings dropped to 86,375 shares worth approximately $5.47 million following the completion of this transaction.
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Also, DOUGLAS BAILEY purchased 8,549 shares, netting a total of over 555,385 in proceeds.
Before that, Jain Gagan had sold 106 shares from its account. In a trade valued at $6,623, the VP, Worldwide Sales traded Power Integrations Inc shares for $62.48 each. Upon closing the transaction, the insider’s holdings decreased to 106 shares, worth approximately $0.69 million.
As published in a research note from Northland Capital on August 12, 2024, Power Integrations Inc [POWI] has been rated up from a Market perform to an Outperform and the price target has been revised to $80. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in early August. As of February 26, 2024, Northland Capital has increased its “an Under perform” rating to a “Market perform” for POWI. Earlier on February 12, 2024, Northland Capital downgraded its rating. Their new recommendation was “an Under perform” for POWI stock which previously was a “a Market perform”.
Analyzing POWI Stock Performance
During the last five days, there has been a drop of approximately -4.67%. Over the course of the year, Power Integrations Inc shares have dropped approximately -22.87%. Shares of the company reached a 52-week high of $85.00 on 02/09/24 and a 52-week low of $56.63 on 09/11/24. A 50-day SMA is recorded $62.33, while a 200-day SMA reached $68.87. Nevertheless, trading volume fell to 0.51 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Power Integrations Inc (POWI)
According to the 24-hour chart, there is a support level at 62.71, which, if violated, would cause prices to drop to 62.09. In the upper region, resistance lies at 64.31. The next price resistance is at 65.29. RSI (Relative Strength Index) is 48.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 65.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
