Why Impinj Shares Rose More Than 15% in June

Shares of Impinj gained 15.5% in June 2019, according to data from S&P Global Market Intelligence. The radio frequency ID (RFID) chip maker rose on signs of improving market conditions, with a slight assist from Impinj's legal department. First and foremost, Impinj rose along with the rest of the tech sector as Beijing and Washington inched closer to some sort of resolution in their tariff-fueled trade conflict. That geopolitical quirk has been weighing on Impinj's shares over the last year, along with a distribution pipeline overstuffed since several major clients overestimated their RFID endpoint needs in 2017 and early 2018.