Another case of false identity has risen a penny over the past few sessions.
What happened: Signal Advance (OTC: SIGL) raised its share price on Monday as traders and algorithms confused the company with an app.
Signal, a private messaging service, has seen a large number of new downloads following a crackdown on Twitter Inc. (NASDAQ: TWTR), Facebook Inc. (NASDAQ: FB) and Parler.
Last week, Tesla Ing (NASDAQ: TSLA) CEO Elon Musk told his Twitter followers to “use signal” and mentioned that he donated to Signal a year ago and will donate more in the future.
WhatsApp has announced that users will no longer allow access to data sharing with older Facebook. Signal is co-founder of WhatsApp co-founder Brian Action.
SIGL price action: Shares of Signal rose 438% to $ 38.70 on Monday. The shares were below $ 1 until last Thursday.
Related link: Penny Stock music industry increases 874% in case of false identity
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