By Sam Boughedda
Investing.com — Stocks of marketing agencies for retailers and consumer packaged products Insignia system Stock prices soared after Inc (NASDAQ :) announced that it would begin a formal process of exploring strategic options for maximizing shareholder value.
Insignia’s share rose over 179% on Monday and was traded in large numbers.
The company told investors that potential alternatives could include acquisitions, mergers, business combinations, licensing, or other strategic transactions.
The Minnesota-based company said it has no plans to complete the review. We have hired Chardan as a strategic financial adviser.
Insignia’s net sales in the third quarter of 2021 decreased by 21.2% to $ 3.5 million, down from $ 4.4 million in the third quarter of 2020. Meanwhile, net losses increased from $ 886,000 in the previous year to $ 921,000.
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Insignia Systems shares the surge as companies seek strategic alternatives to Investing.com
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