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Identiv's stock drops 30% amid IoT business sale and $40M buyback plan amid legal scrutiny.

Market News
25 Jun 2026
Alex Lavoie
View Source
Bearish
pluang ai news

Identiv is selling its Internet of Things (IoT) business and Thai subsidiary to focus on acquiring software companies. The announcement caused its stock to drop over 30%, hitting a 52-week low of $2.48. A UBS analyst set a $3.10 price target, suggesting potential upside. Meanwhile, a law firm is investigating if the sale price is fair to shareholders. To support the stock, Identiv announced a $40 million share repurchase program to be executed after the sale.

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