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Tesla Inc Chief Elon Musk s Use Signal Post Spurred Massive Rally For The Wrong One

Use Signal, Elon Musk wrote on Twitter apparently referring to the encrypted messaging service. A two-word app recommendation from Elon Musk has turned into a massive rally in the shares of a tiny medical device company in another case of mistaken identity. Use Signal, the Tesla Inc. chief executive officer wrote on Twitter on Jan. 7, apparently referring to the encrypted messaging service. By the end of the day, Signal Advance Inc. shares had surged more than sixfold. That was enough to push Signal Advance s rally more than 5,100% in three trading days giving it a market valuation of $390 million. Despite reports about the confusion on Friday, the stock has continued to rally. Shares of the Rosharon, Texas-based company surged as much as 885% on Monday before paring the gains.

Elon Musk tweeted Use Signal and investors sent wrong stock soaring 6,350%

Elon Musk sends wrong Signal, investors fly in

Elon Musk sends wrong Signal, investors fly in Elon Musk, the world’s richest man, has given investors a proverbial hospital pass, after a two-worded message on Twitter was misinterpreted by the market. Signal, a non-profit messaging service, which has gained traction lately given the mass migration of WhatsApp users to other communication platforms, was the subject of Musk’s Twitter message. Unknowingly, investors soared into penny stock ‘Signal Advance’, a medical device company with no association to the Signal app. The share exploded over 5000% to reach a high of $70.85 in trade on Monday, increasing its market capitalisation to over $300m from a mere $6m a week prior.

Short Tweet From Elon Musk Sends Random Stock Soaring

Short Tweet From Elon Musk Sends Random Stock Soaring
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