Why Impinj Stock Jumped 26% Last Month

Shares of Impinj (NASDAQ: PI) spiked 26.5% in January, according to data provided by S&P Global Market Intelligence. Most of those gains came after the company released preliminary fourth-quarter results that were far above its previous guidance.

Impinj, which provides radio frequency identification solutions, said toward the beginning of January that its fourth-quarter sales would exceed $36 million. The company's prior guidance on that metric had been that it would land between $26.5 million and $28.5 million.

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Source Fool.com