May. 20 at 3:49 AM
Executives at little known Texas-based Signal Advance
$SIGL must really, really believe in the health care tech company’s future potential.
Shares of the company at one point late last week were up 1,500% over a 24-hour period. The insane move brought Signal Advance’s market cap to
$100 million from
$7 million during that stretch. Note before this, the company could be classified as a penny stock (sub
$5 a share). The wild move to the upside follows a Jan. 7 tweet from Tesla founder Elon Musk to “Use Signal.”
Despite the likely once in a lifetime move higher, Signal Advance insiders apparently didn’t sell a lick of stock.
“Neither the company, nor any director/officer of Signal Advance, Inc. sold any stock during the stock price increase that occurred from January 7 to January 12, 2021,” a spokesperson told Yahoo Finance via email on Wednesday.