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.
Investors on the lookout for more hot stock news today are in luck!
InvestorPlace has all the latest stock coverage that traders need to know about today. That includes AMC Theaters (NYSE:AMC) NFT news, Del Taco Restaurants (NASDAQ:TACO) stock popping, as well as Lucid Group (NASDAQ:LCID) falling on SEC news. You can find out more about the matters at the following links!
More Stock Market News for Monday
- AMC Investor Connect Puts NFTs in Holders’ Hands
- TACO Stock Pops 60% Following Jack in the Box Deal. 8 Things to Know.
- LCID Stock Alert: Lucid Motors Falls on SEC Subpoena News
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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