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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

€141.25
-1.380%
A loss of -1.380% shows a downward development for Impinj Inc.
Impinj Inc is currently one of the favorites of our community with 15 Buy predictions and no Sell predictions.
As a result the target price of 166 € shows a slightly positive potential of 17.52% compared to the current price of 141.25 € for Impinj Inc.
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