Shares of ENGlobal Corp. (ENG), a provider of engineered modular solutions primarily to the energy industry, are surging more than 83 percent or $1.72 in Tuesday's morning trade at $3.79. The stock earlier touched a new 52-week high of $4.18 despite no company-centric news.
U.S. stocks are rising on Tuesday following news that the head of the General Services Administration has informed President-elect Joe Biden that the Trump administration is ready to begin the formal transition process. Investor sentiment also received a boost from reports that Biden plans to pick former Federal Reserve Chair Janet Yellen as Treasury Secretary.
ENGlobal has traded in a range of $0.46 to $4.18 in the past 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.