Impinj Inc’s recent filing unveils that its CHIEF INNOVATION OFFICER PHELAN CATHAL G unloaded Company’s shares for reported $0.13 million on Nov 21 ’24. In the deal valued at $186.14 per share,697 shares were sold. As a result of this transaction, PHELAN CATHAL G now holds 6,776 shares worth roughly $1.02 million.
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Then, PHELAN CATHAL G bought 697 shares, generating $129,738 in total proceeds.
Before that, SYLEBRA CAPITAL LLC sold 11,926 shares. Impinj Inc shares valued at $2,367,990 were divested by the at a price of $198.56 per share. As a result of the transaction, SYLEBRA CAPITAL LLC now holds 2,131,810 shares, worth roughly $320.09 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 fall -0.55% to $150.15. Over the last five days, the stock has lost -5.70%. Impinj Inc shares have risen nearly 66.78% since the year began. Nevertheless, the stocks have risen 69.39% 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 $196.20, while 200 days put it at $165.86.
Levels Of Support And Resistance For PI Stock
The 24-hour chart illustrates a support level at 146.33, which if violated will result in even more drops to 142.51. On the upside, there is a resistance level at 154.39. A further resistance level may holdings at 158.62. The Relative Strength Index (RSI) on the 14-day chart is 25.56, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -19.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.41%. Stochastics %K at 6.76% 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 2024-11-29, growing by 0.18 million shares to a total of 3.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.14 million shares. There was a rise of 5.57%, 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.
