Here's Why Impinj Stock Is Soaring Today

Here's Why Impinj Stock Is Soaring Today

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.