Sigma Designs falls to 52-week low despite cooperation with Microsoft
Shares of Sigma Designs, Inc. (Nasdaq:SIGM), which provides video-oriented product solutions, have dropped to a new 52-week low despite news after the close on Monday of collaboration with Microsoft Corp. (Nasdaq:MSFT). The software giant’s multimedia platform will operate on the latest technology provided by Las Vegas-based Sigma Designs.
At 3:19 p.m. ET, the stock had shrugged off $4.78, or 23%, to $16.25. The previous 52-week low of $20.04 was established on March 17. For detailed price information and recent news stories about Sigma Designs, click SIGM.
