BGSF, Inc. (BGSF) is trading at $5.54, up 37.81 percent, or $1.52, on Tuesday possibly after the company announced yesterday a definitive agreement to sell its Professional Division to INSPYR Solutions for $99 million in cash.
The stock opened at $5.60 and has ranged between $5.10 and $5.99 today on the New York Stock Exchange. Trading volume has surged to 1.58 million shares, well above the average of 44,276. The 52-week range is $2.91 to $9.22.
The deal, which includes BGSF's IT Consulting, Finance and Accounting, Managed Solutions, and Near and Offshore Software Engineering practices, is expected to close in the second half of 2025, pending shareholder and regulatory approvals. The sale also comes with leadership changes, as CEO Beth Garvey and board member Cynthia Marshall will step down on July 1.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.