Power Integrations Inc’s recent filing unveils that its Officer BALU BALAKRISHNAN acquired Company’s shares for reported $0.35 million on Feb 10 ’25. In the deal valued at $58.26 per share,6,012 shares were bought.
Then, WALKER CLIFFORD sold 2,472 shares, generating $150,170 in total proceeds. Upon selling the shares at $60.75, the VP Corporate Development now owns 142,145 shares.
Before that, NAYYAR SANDEEP sold 5,152 shares. Power Integrations Inc shares valued at $312,976 were divested by the Chief Financial Officer at a price of $60.75 per share. As a result of the transaction, NAYYAR SANDEEP now holds 110,394 shares, worth roughly $6.39 million.
Northland Capital upgraded its Power Integrations Inc [POWI] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Hold”‘ rating for it. Northland Capital also remained covering POWI and has increased its forecast on February 26, 2024 with a “Market perform” recommendation from previously “an Under perform” rating. Northland Capital revised its rating on February 12, 2024. It rated POWI as “an Under perform” which previously was an “a Market perform”.
Price Performance Review of POWI
On Monday, Power Integrations Inc [NASDAQ:POWI] saw its stock fall -3.05% to $57.86. Over the last five days, the stock has lost -4.16%. Power Integrations Inc shares have fallen nearly -6.22% since the year began. Nevertheless, the stocks have fallen -22.98% over the past one year. While a 52-week high of $85.00 was reached on 01/06/25, a 52-week low of $56.63 was recorded on 02/10/25. SMA at 50 days reached $62.58, while 200 days put it at $66.31.
Levels Of Support And Resistance For POWI Stock
The 24-hour chart illustrates a support level at 56.49, which if violated will result in even more drops to 55.12. On the upside, there is a resistance level at 59.71. A further resistance level may holdings at 61.57. The Relative Strength Index (RSI) on the 14-day chart is 39.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.38%. Stochastics %K at 26.65% indicates the stock is a holding.
How much short interest is there in Power Integrations Inc?
A steep rise in short interest was recorded in Power Integrations Inc stocks on 2025-01-15, dropping by -0.28 million shares to a total of 3.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 3.86 million shares. There was a decline of -7.69%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 09, 2024 when TD Cowen resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $80.
