Identive Group Inc. (INVE) announced Monday morning that it signed a Value Added Reseller agreement with NXP Semiconductors (NXPI). The companies will work together to identify and address emerging opportunities in the secure identification market by promoting and selling Identive's identification products, based on NXP's RFID semiconductor technology.
Identive Group gapped up Monday and has continued to rise on above average volume. Shares are now up 0.72 at $3.76. The stock has climbed to a 3-week high and has re-crossed its 50-day moving average.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.