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Here's Why Impinj Stock Is Soaring Today

·2 min read
Here's Why Impinj Stock Is Soaring Today
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Impinj (NASDAQ: PI) stock is making big gains following the company's third-quarter earnings release. The radio-frequency identification (RFID) specialist's share price was up roughly 25% on Thursday's trading as of 1:45 p.m. EDT. Impinj issued its Q3 results after the market closed on Oct. 27, posting sales and earnings results for the period that beat the average analyst targets.