BGSF Stock Jumps 38%

(RTTNews) - 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.