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Why Impinj Stock Is Plummeting Today

TheMotleyFool 
0 0 30.10.25
Why Impinj Stock Is Plummeting TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png
 

(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.

Image source: Getty Images.

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Source Fool.com

Impinj Inc Stock

€142.50
-1.790%
We can see a decrease in the price for Impinj Inc. Compared to yesterday it has lost -€2.600 (-1.790%).
With 15 Buy predictions and not the single Sell prediction the community is currently very high on Impinj Inc.
With a target price of 166 € there is a slightly positive potential of 16.49% for Impinj Inc compared to the current price of 142.5 €.
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