WTF!!!
Want to get a sense of how eager investors are to buy into a runaway stock market? Then look no further than the insane action recently in little known Texas-based health care tech company Signal Advance (SIGL).
Shares of the company at one point late last week were up 1,500% over a 24-hour period, points out Deutsche Bank strategist Jim Reid. It brought Signal Advance’s market cap to $100 million from $7 million during that stretch. The wild move to the upside follows a Jan. 7 tweet (below) from Tesla founder Elon Musk to “Use Signal.”
What Musk was referencing, however, was for people to use WhatsApp rival messaging platform Signal. That Signal is not a public company. And Signal Advance was clearly not top of mind for Musk.
Oddly, despite what is clearly a case of mistaken ticker identity shares of Signal Advance gained 332% on Monday. Signal Advance didn’t return Yahoo Finance’s request for comment on its stock price movement.
Want to get a sense of how eager investors are to buy into a runaway stock market? Then look no further than the insane action recently in little known Texas-based health care tech company Signal Advance (SIGL).
Shares of the company at one point late last week were up 1,500% over a 24-hour period, points out Deutsche Bank strategist Jim Reid. It brought Signal Advance’s market cap to $100 million from $7 million during that stretch. The wild move to the upside follows a Jan. 7 tweet (below) from Tesla founder Elon Musk to “Use Signal.”
What Musk was referencing, however, was for people to use WhatsApp rival messaging platform Signal. That Signal is not a public company. And Signal Advance was clearly not top of mind for Musk.
Oddly, despite what is clearly a case of mistaken ticker identity shares of Signal Advance gained 332% on Monday. Signal Advance didn’t return Yahoo Finance’s request for comment on its stock price movement.