Identiv, Inc. shares fall 1.05% intraday after partnering with TUK to develop smart reading tools for children.

Identiv, Inc. declined 1.05% in intraday trading, with the company announcing a partnership with TUK to develop a screen-free reading tool for children. The solution leverages secure IoT technology to pair physical books with guided audio, aiming to improve reading comprehension and independence. This news event is likely to have a positive impact on the company's long-term prospects, but the intraday decline may be due to other factors such as market sentiment or technical adjustments.