Impinj Inc (PI)

Impinj, Inc. (PI) stocks down 9.99% to $53.71 after the news that Macquarie Group Ltd. has decreased its position in Impinj, Inc. by 18.2%, according to the company’s recent Form 13F filing with the Securities & Exchange Commission.

https://beststocks.com/macquarie-group-ltd-decreases-stake-in-impinj-in/

Impinj, Inc. (PI) shares plunged 11.95% to $69.22 after reporting quarterly results. The company reported a $0.33-per-share profit, but GAAP results showed a $0.30-per-share loss. Worst of all, Impinj disappointed investors with a forecast of falling revenue in Q3.

https://www.fool.com/investing/2023/07/27/why-impinj-stock-got-pinched-today/

PI's stock fell 6.56% due to investors digesting the company's Investor Day presentation, held after market close yesterday, in which management laid out its longer-term model. Given the stock's high valuation, it had a high bar to clear, and apparently investors were somewhat disappointed. In addition, the Federal Reserve's forecast of potentially more rate hikes hit some growth stocks. The company has more than doubled over the past year, and its valuation seemed stretched.

https://www.fool.com/investing/2023/06/14/why-impinj-plunged-today/