COMSovereign (NASDAQ:COMS) Trading Up 1,101,533,411.1% - Here's What Happened

Key Points

• COMSovereign shares surged sharply by 1,101,533,411.1% to a last traded price of $9,913.80, despite only 5 shares being traded.
• The stock's previous closing price was $0.00, marking an unprecedented movement in its trading history.
• COMSovereign specializes in providing network solutions for various sectors, including governmental units and mobile device carriers.

COMSovereign Holding Corp. (NASDAQ:COMS - ) shares rose 1,101,533,411.1% on Monday . The stock traded as high as $9,913.80 and last traded at $9,913.80. Approximately 5 shares were traded during trading, a decline of 100% from the average daily volume of 2,375 shares. The stock had previously closed at $0.00.

COMSovereign Price Performance

The firm has a 50-day moving average of $198.28 and a 200-day moving average of $69.33.

COMSovereign Company Profile

COMSovereign Holding Corp. provides various solutions for network operators, mobile device carriers, governmental units, and other enterprises worldwide. The company offers packet microwave solutions that transmit broadband voice, video, and data, as well as enable service providers, government agencies, enterprises, and other organizations; harmony enhanced MC; fastback intelligent backhaul radio (IBR); and in-band full-duplex technology.

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