Insignia Systems more than doubles on announcing review; garners retail interest
06/12/2021 19:06
** Retail in-store promotional software developer's shares
ISIG.O surge as much as 184.47% to $14.01, highest since
September 2018
** Stock top pct gainer across all three major U.S. stock
indexes
** ISIG to explore options, such as an acquisition, merger,
business combination, in-licensing, or other transaction to
maximize shareholder value urn:newsml:reuters.com:*:nACSkCr0Ma
** Company has not set a timetable for completion of review
process
** ISIG No.1 trending stock and second-most watched stock on
investor-focused social media site stocktwits.com
** About 53.2 mln shares change hands vs 30-DMA volume of
77,000; company has a free float of ~1.06 mln shares
** Company's shares last up 159.5% at $12.82; Now up 118.1%
for the year
(Reporting by Devik Jain in Bengaluru)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062))