Shares of SPAR Group Inc. (NASDAQ:SGRP) jumped 8% on Monday and 40% in the past month. The stock saw a volume of over 107 million shares relative to its 65-day average volume of 130,510 shares. The stock surged without the company issuing any news releases or regulatory filings. The company’s operations entail retail services, including fixture installation and auditing, inventory, and furniture assembly.
The company recently made executive appointments as it seeks to enhance its executive team and boost global expansion. William Linnane and Ron Lutz were appointed Chief Strategy & Growth Officer and Chief Global Commercial Officer.Also, the company named Kori Belzer as its Global COO with increased roles over operations and results globally.
CEO Mike Matacunas said that he is delighted to have William and Ron in the executive team and congratulated Kori for her expanded COO role. Ron will head global commercial operations development, including Canada and Japan, while William will oversee developing markets. With an enhanced executive team SGRP is worth watching.
Market Reaction:
On Monday, SGRP stock leaped 8% at $1.93 with more than 360k shares, compared to its average volume of 2.28 million shares. The stock has moved within a range of $1.7800 – 1.9700 after opening the trade at $1.78.
