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A tweet by Elon Musk caused healthcare stocks to rise 5675% Signal Advance



Discuss the mixed signal situation.

On January 6, the shares of Signal Advance SIGL,
+438.25%
The closing price was 60 cents per share, which constituted considerable earnings for the Rosharon, Texas-based biotechnology company (formerly known as Biodyne Development Company).

A day later, on Thursday, the company’s stock price soared 527% to $3.76-then, after the apparent stock market chaos magnified the transfer of over-the-counter securities to Ethereum, all stocks fell below their decline. Tesla (Tesla Inc.) TSLA,
-7.82%.
CEO Elon Musk advised people to “use signals” and turn to Twitter TWTR’s encrypted messaging platform “signals”.
-6.41%
And Facebook FB,
-4.01%,
After the riots on Capitol Hill last week, after Sturm und Drang discussed politics and social media platforms.

Messaging platform Signal is not a public company, but this has not stopped the unrelated Signal Advance from continuing to rise, soaring by 5,643%, and its market value rose to $3.164 billion from $55 million last Wednesday.

The move was so powerful that the messaging service began to work on Friday:

The strange thing is that in many news articles, Signal Advance is not Signal. This fact has attracted a lot of attention, but the former’s stock refused to return to the earth, and it soared by nearly 400% on Monday.

The Signal Advance website appears to be closed on Monday, and those seeking to access the website received the following message: “This website has exceeded resource limits, so it is temporarily unable to fulfill your request. Please try again later.”

Chris M. Hymel’s call to the company based on FactSet in 1992 did not receive an immediate response.

At the same time, the Messenger application Signal claims to be an open source service developed by the Signal Foundation and Signal Messenger around 2014, and the number of users has increased during political turmoil.


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