IMPINJ ( (PI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
IMPINJ’s stock is on the rise, driven by strategic partnerships and positive market forecasts. Analysts have raised price targets following a new partnership between Avery Dennison and Walmart, which is anticipated to boost RFID adoption, benefiting IMPINJ. Despite insider selling and challenges in the semiconductor sector, analysts maintain a positive outlook on the company’s future.
More about IMPINJ
YTD Price Performance: 64.34%
Average Trading Volume: 564,518
Technical Sentiment Signal: Buy
Current Market Cap: $5.88B
For further insights into PI stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.