Insignia Systems (ISIG) Receiving Somewhat Favorable News Coverage, Report Shows
Media coverage about Insignia Systems (NASDAQ:ISIG) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Insignia Systems earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 48.1239020164042 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Insignia Systems (NASDAQ:ISIG) traded down $0.06 during trading on Wednesday, hitting $1.16. 35,400 shares of the stock were exchanged, compared to its average volume of 73,530. Insignia Systems has a 1-year low of $0.90 and a 1-year high of $2.59.
In other news, major shareholder Sardar Biglari sold 18,629 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $1.45, for a total value of $27,012.05. Following the sale, the insider now owns 11,788 shares in the company, valued at approximately $17,092.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 177,199 shares of company stock worth $233,070. Company insiders own 1.80% of the company’s stock.
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Insignia Systems, Inc (Insignia) is a developer and marketer of in-store products, programs and services for consumer goods manufacturers and retail partners drive sales at the point of purchase. The Company’s products include the Insignia Point-of-Purchase Services (POPS) in-store marketing program, thermal sign card supplies for the Company’s Impulse Retail System, laser printable cardstock and label supplies, and The Like Machine.
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