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Insignia Systems Stock Soars 60% on ‘Plans to Explore Strategic Options’

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Updated: 6 Dec 2021

The stock price of Insignia Systems (NASDAQ: ISIG) rallied strongly on Monday, reaching gains of 60% moving into midday trading. The surge followed swiftly after an announcement that the company would be commencing a formal process of exploring strategic options to maximize shareholder value. Investors latched on early, with gains continuing to grow throughout the day. 

Insignia Systems specializes in products ranging from in-store to digital advertising. Manufacturers and retailers across the US utilize Insignia’s retail expertise to create cutting-edge shopper engagement solutions. In a sector that is undergoing constant changes, an announcement like today’s might be reassuring for shareholders.

The possible strategies explored might include an acquisition, a merger, business combination, in-licensing, or other strategic transition. There is however no guarantee that the exploration process will result in any transaction, but the news has investors riled up all the same. 

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Furthermore, no estimated completion time has been provided, and the company has refused any further comment until further plans are formally agreed upon by the Board of Directors.

ISIG stock has had a volatile year, and until today’s price surge was reaching towards new annual lows. Currently, ISIG stock is showing a daily gain of 63% and is trading around a price of $8.15. Investors should listen out for further details on the potential strategy, awaiting further comments from the Board of Directors. 

 

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