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Why Inseego Stock Jumped 56% Last Month

TheMotleyFool

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Why Inseego Stock Jumped 56% Last MonthPhoto, wide shot, wide-angle lens, Mobile phone network, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/828b91fb-678a-4621-906b-21e972059e7d.png

Shares of Inseego (NASDAQ: INSG) were climbing last month. The maker of mobile hotspots for 5G and other protocols jumped as it announced a number of new deals with telecom operators. According to data from S&P Global Market Intelligence, the stock finished December up 56%.

As you can see from the chart below, most of the stock's gains came in the middle of the month as the expansions rolled in.