PI
Underperforming without a clear catalyst yet
- PI −2.51% on the last session vs SPY +0.22%: −2.7 pts of stock-specific move.
- Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.
Bargain & stretch prices
Prices PI only reaches with set odds, from its own recent swings. Odds, not a forecast.
| Today | Next 5 sessions | |
|---|---|---|
| Stretch sell side |
197.46 +2.8% ↓ less often after a big gain
reached 3 in 10 days · 26% vs usual 28% |
204.25 +6.3% ↓ less often after a big gain
reached 3 in 10 weeks · 26% vs usual 30% |
| Now | 187.32 · prior close 192.14 | |
| Bargain buy side |
186.96 -2.7% ↓ less often after a big gain
reached 3 in 10 days · 25% vs usual 26% reached today |
180.75 -5.9% ↓ less often after a big gain
reached 3 in 10 weeks · 25% vs usual 27% |
More patient or more eager
| Bargain | Reached | Stretch | Reached | |
|---|---|---|---|---|
| Today | ||||
| Patient | 185.31 | 2 in 10 days↓ 16% vs 17% | 199.22 | 2 in 10 days↓ 16% vs 17% |
| Balanced | 186.96 | 3 in 10 days↓ 25% vs 26% | 197.46 | 3 in 10 days↓ 26% vs 28% |
| Eager | 188.51 | 4 in 10 days | 195.84 | 4 in 10 days↓ 42% vs 45% |
| Next 5 sessions | ||||
| Patient | 177.20 | 2 in 10 weeks↓ 16% vs 18% | 208.34 | 2 in 10 weeks↓ 15% vs 19% |
| Balanced | 180.75 | 3 in 10 weeks↓ 25% vs 27% | 204.25 | 3 in 10 weeks↓ 26% vs 30% |
| Eager | 184.13 | 4 in 10 weeks↓ 40% vs 43% | 200.50 | 4 in 10 weeks↓ 44% vs 48% |
"3 in 10 days" means the price was reached on about 3 of every 10 days like this one. Patient prices are further away and come less often; eager ones are closer and come more often. From PI's daily swings (about 2.8% a day lately), anchored on the Oct 14 close. The odds were measured on 10 years of S&P 500 prices (they move about 3 points from year to year with the market: bargain prices come more often in falling years, stretch prices in rising ones), and where a situation below changed them consistently (in at least 8 of 10 years), they are adjusted and marked. In those tests, waiting for the bargain price did no better on average than buying at the close: what you save when it comes, you pay when it doesn't.
Situations on the Oct 14 close
- Stretch price, next session: reached 26% of days instead of the usual 28% (held in 8 of 10 years)
- Bargain price, next session: reached 25% of days instead of the usual 26% (held in 8 of 10 years)
- Stretch price, next 5 sessions: reached 26% of weeks instead of the usual 30% (held in 10 of 10 years)
- Bargain price, next 5 sessions: reached 25% of weeks instead of the usual 27% (held in 8 of 10 years)
| Date | That day | 1 week on | 1 month on | 3 months on |
|---|---|---|---|---|
| Aug 27, 2026 | +5.5% | +4.2% | +5.2% | — |
| Aug 6, 2026 | +5.2% | +4.0% | +0.4% | — |
| Jul 29, 2026 | +4.7% | +17.3% | +20.7% | — |
| Jul 6, 2026 | +4.5% | -1.3% | +13.3% | +28.1% |
| Jun 25, 2026 | +5.0% | +5.4% | -3.0% | +31.5% |
| Jun 8, 2026 | +6.9% | +5.5% | +11.7% | +32.9% |
| May 22, 2026 | +6.8% | -4.7% | -14.5% | +7.5% |
| Apr 30, 2026 | +20.7% | +4.4% | -1.6% | +4.4% |
Big drop and big gain: among PI's own worst or best 10% of daily moves, as on the Aftermath tab. The past times are history: in our tests, how a stock did after its earlier times did not predict the next one, and across the S&P 500 none of these situations leaned up or down except, weakly, an all-time high followed by a big drop. Not advice.
Price ladder
| All-time and 52-week closing high Oct 29, 2025 |
241.91 +29.1% |
| Stretch, next 5 sessions | 204.25 +9.0% |
| Previous close Oct 14, 2026 |
192.14 +2.6% |
| Now | 187.32 |
| Bargain, next 5 sessions | 180.75 -3.5% |
| 50-day average | 176.36 -5.9% |
| 200-day average | 144.72 -22.7% |
| 52-week closing low Mar 12, 2026 |
91.34 -51.2% |
Closing prices (all-time = the 10 years Yahoo has). Percentages are the distance from now. These are levels people watch, not levels the price has to respect. Not advice.