How Will the Market React to IMPINJ Inc (PI) Stock Getting a Bullish Rating

Overall market sentiment has been high on IMPINJ Inc (PI) stock lately. PI receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

IMPINJ Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PI!

See Full PI Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With PI Stock Today?

IMPINJ Inc (PI) stock is up 0.74% while the S&P 500 is lower by -0.06% as of 11:42 AM on Wednesday, Dec 8. PI is up $0.61 from the previous closing price of $82.34 on volume of 141,608 shares. Over the past year the S&P 500 is up 26.87% while PI is up 97.41%. PI lost -$1.98 per share in the over the last 12 months. To screen for more stocks like IMPINJ Inc click here.

More About IMPINJ Inc

Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's identity, location, and authenticity to business and consumer applications. Its platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs. Geographically, the company has a business presence in the Americas, Asia Pacific, Europe, Middle East and Africa, of which key revenue is derived from the operations in the Asia Pacific region. Click Here to get the full Stock Report for IMPINJ Inc stock.