Impinj Convinces With Positive Outlook - up-gap After Quarterly Results Could Lead to Trend Reversal!
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Impinj from Seattle, with a market capitalization of $2.6 billion, manufactures tiny tracking chips that can connect items for customers in retail, transportation, logistics, and other industries to the Internet cloud. The company employs a wireless technology called Rain RFID. RFID stands for Radio Frequency Identification. Since reaching an all-time high of $250 at the end of last year, the stock has fallen to below $60. With strong numbers behind it and a positive outlook for Q2, the downward trend might now be broken. CEO Chris Diorio highlighted...
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