In a filing, Impinj Inc revealed its SYLEBRA CAPITAL LLC unloaded Company’s shares for reported $2.37 million on Nov 12 ’24. In the deal valued at $198.56 per share,11,926 shares were sold. As a result of this transaction, SYLEBRA CAPITAL LLC now holds 2,131,810 shares worth roughly $389.78 million.
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Then, SYLEBRA CAPITAL LLC sold 2,550 shares, generating $498,289 in total proceeds. Upon selling the shares at $195.41, the now owns 2,129,260 shares.
Before that, DOSSETT JEFFREY sold 7,500 shares. Impinj Inc shares valued at $1,450,831 were divested by the CHIEF REVENUE OFFICER at a price of $193.44 per share. As a result of the transaction, DOSSETT JEFFREY now holds 65,294 shares, worth roughly $11.94 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 3.93% to $182.84. Over the last five days, the stock has lost -6.06%. Impinj Inc shares have risen nearly 103.09% since the year began. Nevertheless, the stocks have risen 126.01% over the past one year. While a 52-week high of $239.88 was reached on 10/14/24, a 52-week low of $78.17 was recorded on 01/16/24. SMA at 50 days reached $205.88, while 200 days put it at $159.43.
Levels Of Support And Resistance For PI Stock
The 24-hour chart illustrates a support level at 175.37, which if violated will result in even more drops to 167.91. On the upside, there is a resistance level at 186.96. A further resistance level may holdings at 191.09. The Relative Strength Index (RSI) on the 14-day chart is 38.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.58%. Stochastics %K at 12.71% 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 2024-10-31, dropping by -0.69 million shares to a total of 3.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.82 million shares. There was a decline of -21.94%, which implies that there is a negative 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.
