Why Impinj Stock Soared This Week
Shares of Impinj (NASDAQ: PI) were soaring this week after the maker of radio-frequency ID (RFID) chips and related tracking systems posted better-than-expected results in its third-quarter earnings report. The results also reassured investors after the company posted disappointing numbers earlier in the year.
According to data from S&P Global Market Intelligence, the stock was up 31.7% for the week through 2:10 p.m. ET on Thursday.
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Source Fool.com