Impinj stock skyrocketed on Thursday, Oct. 23, jumping roughly 15–18% by midday to an intraday high around $232.29ainvest.com. This surge brought the Seattle-based tech company’s shares within a hair of their all-time peak, extending a remarkable rally in recent months. Impinj – a leading provider of RAIN RFID solutions for connecting everyday items to the internet – has seen its stock price more than double since the summer, buoyed by accelerating demand for its wireless tracking chips and tags. The one-year chart tells a volatile tale: after touching a low of about $60 late last year, PI has roared back to over $230marketbeat.com. Year-to-date, the stock is up over 50%, and in the past quarter alone it has soared ~76%, vastly outperforming the broader market.
