24/7 Market News Snapshot 31 January, 2025 – Signing Day Sports, Inc. (NYSE:SGN)

January 31, 2025

DENVER, Colo., 31 January, 2025 (247marketnews.com) – (NYSE:SGN) are discussed in this article.
Signing Day Sports, Inc. (SGN) has garnered significant investor interest today, recording a significant price surge in pre-market trading that reflected a 40.04% increase, moving from the previous close of $2.560 to $3.585. With a trading volume of 3.18 million shares, the market shows robust bullish momentum, indicating strong support for the company’s growth potential. Technical analysis suggests key resistance levels that traders will be monitoring closely in the coming sessions.

This surge in stock price coincides with the recent announcement of the renewal of Signing Day Sports’ sponsorship agreement with the U.S. Army Bowl. This strategic partnership positions Signing Day Sports as the “National Recruiting Partner,” empowering the company to manage the renowned National Combines and select Regional Combines for the U.S. Army Bowl. The collaboration aims to enhance visibility for their app among high school athletes navigating the collegiate recruitment process.

Jeff Hecklinski, President of Signing Day Sports, expressed his excitement regarding the renewed agreement, stating, “We are ecstatic to finalize this Sponsorship Agreement, solidifying the business relationship with Goat Farm Sports, the owner of the U.S. Army Bowl.” He highlighted the impact of previous collaborations, which have successfully attracted over 8,000 new users to their software-as-a-service (SaaS) model app. The company anticipates continued growth, projecting participation of up to 4,000 student-athletes in the 2025 U.S. Army Bowl Regional Combines.

As Signing Day Sports oversees these combines, they are also set to receive stipends for each athlete, while retaining revenue from regional events. This partnership not only enhances athletic opportunity but also equips student-athletes with tailored recruitment profiles to connect directly with college coaches, marking an exciting development in the landscape of sports technology and athlete recruitment.

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