Impinj Inc’s filing revealed that its CHIEF REVENUE OFFICER DOSSETT JEFFREY unloaded Company’s shares for reported $53316.0 on Jan 13 ’25. In the deal valued at $141.05 per share,378 shares were sold. As a result of this transaction, DOSSETT JEFFREY now holds 67,052 shares worth roughly $8.85 million.
Then, Baker Cary sold 290 shares, generating $40,878 in total proceeds. Upon selling the shares at $140.96, the CHIEF FINANCIAL OFFICER now owns 71,754 shares.
Before that, DIORIO CHRIS PH.D. sold 841 shares. Impinj Inc shares valued at $118,600 were divested by the CHIEF EXECUTIVE OFFICER at a price of $141.02 per share. As a result of the transaction, DIORIO CHRIS PH.D. now holds 333,856 shares, worth roughly $44.05 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 Friday, Impinj Inc [NASDAQ:PI] saw its stock fall -0.43% to $131.94. Over the last five days, the stock has lost -8.13%. Impinj Inc shares have fallen nearly -9.17% since the year began. Nevertheless, the stocks have risen 44.88% over the past one year. While a 52-week high of $239.88 was reached on 01/06/25, a 52-week low of $87.15 was recorded on 01/16/25. SMA at 50 days reached $166.66, while 200 days put it at $168.42.
Levels Of Support And Resistance For PI Stock
The 24-hour chart illustrates a support level at 128.96, which if violated will result in even more drops to 125.99. On the upside, there is a resistance level at 135.89. A further resistance level may holdings at 139.85. The Relative Strength Index (RSI) on the 14-day chart is 29.35, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.17%. Stochastics %K at 23.96% indicates the stock is a holding.
How much short interest is there in Impinj Inc?
A steep rise in short interest was recorded in Impinj Inc stocks on 2024-12-31, growing by 0.87 million shares to a total of 4.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.32 million shares. There was a rise of 20.81%, 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.
