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Stock impact report

Why Shares of Impinj Dropped Today [The Motley Fool]

Impinj, Inc. (PI) 
Last impinj, inc. earnings: 4/27 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.impinj.com
Company Research Source: The Motley Fool
Technology stocks are selling off, and Impinj got caught up in the panic. Timothy Green ( TMFBargainBin ) Jun 9, 2017 at 4:10PM What happened Shares of radio frequency identification solutions provider Impinj ( NASDAQ:PI ) tumbled on Friday. There was no company-specific news, so it appears that the stock simply got caught up in the technology stock sell-off that sent a wide variety of tech stocks plunging. Impinj stock was down 14% at 3 p.m. EDT. So what The sell-off on Friday has nothing to do with the company itself. Nothing has changed about the story or the fundamentals. Impinj is not a cheap stock, trading at a high single-digit multiple of sales, and that may be the reason why it got hit so hard. Image source: Impinj. Impinj sells RFID chips and solutions built around those chips, allowing industries such as retail, manufacturing, Show less Read more
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