Why Impinj Stock Is Plummeting Today
(NASDAQ: PI) stock is getting hit with a big sell-off in Thursday's trading. The radio-frequency-identification (RFID) company's share price was down 9.7% as of 1 p.m. ET amid a 0.3% decline for the S 500 and a 0.9% drop for the Nasdaq Composite.
Impinj stock is losing ground despite posting better-than-expected quarterly results yesterday. The company's forward guidance and the outlook on interest rates appear to be driving the valuation pullback.
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Source Fool.com
Impinj Inc Stock
€98.16
-25.060%
Impinj Inc is currently one of the favorites of our community with 20 Buy predictions and no Sell predictions.
As a result the target price of 150 € shows a very positive potential of 52.81% compared to the current price of 98.16 € for Impinj Inc.
