The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Impinj Inc shares valued at $129,738 were sold by PHELAN CATHAL G on Nov 21 ’24. At $186.14 per share, PHELAN CATHAL G sold 697 shares. The insider’s holdings dropped to 6,776 shares worth approximately $1.19 million following the completion of this transaction.
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Also, PHELAN CATHAL G purchased 697 shares, netting a total of over 129,738 in proceeds.
Before that, SYLEBRA CAPITAL LLC had sold 11,926 shares from its account. In a trade valued at $2,367,990, the traded Impinj Inc shares for $198.56 each. Upon closing the transaction, the insider’s holdings decreased to 11,926 shares, worth approximately $374.88 million.
As published in their initiating research note from Cantor Fitzgerald on July 18, 2024, Impinj Inc [PI] has been an Overweight and the price target has been revised to $205. Analysts at Piper Sandler resumed the stock at ‘”an Overweight”‘ outlook in a report released in mid July. As of May 20, 2024, Goldman has decreased its “Buy” rating to a “Neutral” for PI. Earlier on May 13, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for PI stock.
Analyzing PI Stock Performance
During the last five days, there has been a drop of approximately -7.08%. Over the course of the year, Impinj Inc shares have jumped approximately 95.32%. Shares of the company reached a 52-week high of $239.88 on 10/14/24 and a 52-week low of $78.17 on 01/16/24. A 50-day SMA is recorded $204.28, while a 200-day SMA reached $164.03. Nevertheless, trading volume fell to 0.51 million shares from 0.14 million shares the previous day.
Support And Resistance Levels for Impinj Inc (PI)
According to the 24-hour chart, there is a support level at 170.52, which, if violated, would cause prices to drop to 165.19. In the upper region, resistance lies at 186.08. The next price resistance is at 196.30. RSI (Relative Strength Index) is 36.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.06, which suggests the price will decrease in the coming days. Percent R is at 85.48%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
