Why Impinj Stock Dropped Today

Impinj (NASDAQ: PI) stock tumbled 7% through 11:55 a.m. ET Wednesday despite hinting last night that it might beat analyst forecasts for Q4 sales.

Analysts expect the Internet of Things stock to report sales of less than $92 million for the quarter, but Impinj reminded that its own guidance was for $90 million to $93 million -- and it expects to land toward the high end of that range.

Continue reading

Source Fool.com