Geometry Dash APK Hill Climb Racing APK
30.7 F
New York
Wednesday, March 3, 2021

Signal Advance Inc (OTCMKTS:SIGL) Makes a Big Move, Again.

Must read

Drone Delivery Canada Corp (OTCMKTS:TAKOF) is Soaring after Roadmap Update

The drone industry has grown at a remarkable rate over the past five years or so and hence, it is no surprise...

Global Battery Metals Ltd (OTCMKTS:REZZF) in Focus: Trending Higher

Anyone who is tracking stocks that have made substantial gains over the course of the past month or so must not have...

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Showing Strength After Patent Approval

Investors who believe in long-term wealth creation are often on the hunt for stocks that have recorded significant gains over a reasonable...

Tesoro Enterprises, Inc. (OTCMKTS:TSNP) Regains Momentum: What to Expect Now?

Tesoro Enterprises, Inc. Common Stock (OTCMKTS:TSNP) stock has managed to record significant gains ever since it announced its merger with HUMBL Inc...

Speculation and confusion can often lead to strange occurrences on the stock markets and that is what happened with the Signal Advance Inc (OTCMKTS:SIGL) stock the last week.

It is a little-known component manufacturer and its stock is traded over the country, however, on Monday the stock soared by as much as 438% on the back of confusion.

What’s The Buzz?

Last week, the celebrated Chief Executive Officer of Tesla and regular Twitter user Elon Musk tweeted ‘Use Signal’, referring to the encrypted messaging app. The tweet came about after Facebook-owned messaging app WhatsApp changed its privacy policies.

However, it had a totally different effect on investors as they piled onto the Signal Advance stock, and eventually, the stock rallied by as much as 438% last Monday.

Musk sent out the tweet back on January 7 and a day before that, Signal Advance Inc (OTCMKTS:SIGL) was trading at only $0.60 a share. However, all the changed on Monday as the stock soared and hit $70.38 a share.

The stock had gone public back in 2014 and on Monday, it recorded the highest trading volume ever. To put it into perspective, no Signal Advance stock was traded at all back on January 4. However, on Monday, the trading volume went up to a staggering 2 million shares.

In a remarkable chain of circumstances, the company which had in fact zero revenues for two consecutive years in 2015 and then again in 2016, ended up having a market capitalization of $3 billion on Monday. It was clearly a case of miscommunication and it is something that has happened in the stock markets in the past.

For instance, back in 2019, the Zoom Technologies (ZOOM) stock soared significantly after investors thought that they were investing in the video communications company Zoom Video Communications (ZM).

Disclosure: We hold no position in SIGL stock.

Latest article

Healthier Choices Management (OTCMKTS:HCMC) Falls Following WallStreetBets Hype

Investing in stocks that are gaining momentum is often regarded as a sound investment and more often than not it works out...

Blockchain Technologies Ltd (OTCMKTS:HVBTF) Makes A Stunning Move on Blockchain Optimism

The cryptocurrency boom has sustained for many months now and it anything; it is expected to continue in the future.

Enzolytics Inc (OTCMKTS:ENZC) In Focus: Regains It’s Momentum

One of the most notable gainers over the course of the past months has been the Enzolytics Inc stock. While it is...

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Looks to Maintain Critical Momentum

Stocks that make massive gains over a reasonable period of time cannot hope to maintain them forever. At some point, a correction...

Medmen Enterprises Inc (OTCMKTS:MMNFF) Pulls Back From Highs as Buzz Cools Off

Among the sectors which have bounced back in 2021, the cannabis sector is one of considerable interest since it had been in...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service