What’s up with the Signature Aviation (SIG) share price?
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Signature Aviation(LSE:SIG) share price took quite a tumble in early 2020. With the pandemic wreaking havoc on the aerospace sector, the company saw its stock slashed by nearly 50% within a few months. But after making a steady recovery, the SIG share price exploded by more than 40% in a day. And over the last 12 months, it’s up more than 120%. What caused this enormous growth?
The explosive Signature Aviation (SIG) share price
Blackstone. The proposed deal was priced at $5.17 per share, representing a 44% premium that day. Naturally, after the announcement was made, the SIG share price shot up to match the offer. But this rise was not due to the underlying business operations. It therefore explains why it has remained pretty much flat since January.