Power Integrations (POWI) Plunges 17.91% in Four Days After Downgrade

Power Integrations (POWI) shares fell 2.66% today, marking the fourth consecutive day of decline, with a total drop of 17.91% over the past four days. The stock price hit its lowest level since February 2016, with an intraday decline of 5.78%.

Power Integrations' stock rating was recently adjusted by StockNews.com, which downgraded the rating from "buy" to "hold." This change in rating could have influenced investor sentiment and contributed to the recent decline in the stock price. The downgrade may reflect concerns about the company's future performance or market conditions, leading to a more cautious outlook among investors.

Additionally, Norges Bank made a new investment in shares of Power Integrations during the fourth quarter. This investment activity could have implications for the stock price, as institutional investors often have significant influence on market movements. The entry of a major investor like Norges Bank may signal confidence in the company's long-term prospects, potentially stabilizing or even reversing the recent downward trend in the stock price.