Identiv Shares Drop 6% in Broader Nasdaq Pullback; Investors Watch RFID Plans
Identiv Inc. shares fell 6.3% to $4.02 Friday amid a broader tech selloff following strong May jobs data and rising Treasury yields. About 46,000 shares changed hands. The company has not issued new updates since Monday’s ID-Pixels 3.0 launch. Identiv reported Q1 revenue of $7.4 million in May, boosted by a large early order from one customer.