Insignia Systems (NASDAQ:ISIG) stock is on the move Monday as shares see heavy trading today.
As of this writing, more than 18 million shares of the stock have changed hands. That’s a massive surge compared to the company’s daily average trading volume of roughly 42,000 shares. But what exactly is behind that news today?
It looks like a press release is responsible for ISIG stock taking off today! In that release, we learn that Insignia Systems is considering strategic alternatives in order to boost shareholder value. These options include an “acquisition, merger, business combination, in-licensing, or other strategic transaction.” The company has retained Chardan as its strategic financial advisor in connection to this.
Keeping that in mind, let’s take a look at what traders need to know about Insignia Systems below!
- Insignia Systems is a company engaged in product solutions.
- This has it selling in-store and digital advertising.
- The company works with consumer-packaged goods manufacturers and retailers across the U.S. as part of its business.
- Insignia Systems is led by Kristine Glancy, who serves as the company’s CEO.
- She’s been with the company since 2016 and is its first female CEO.
- Insignia Systems is also sporting a market capitalization of 12.73 million.
ISIG stock is up 45.6% as of Monday morning but is down 1.6% since the start of the year.
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