Why Inseego's Stock Is Trading Higher Today

Inseego Corp INSG shares are trading higher on Wednesday.

The company's CEO on CNBC late Tuesday noted it was seeing a "surge in demand" for its mobile products amid the shutdown.

Inseego provides 5G and intelligent Internet of things (IoT) device-to-cloud solutions.

Inseego shares were trading up 8.89% at $12.31 on Wednesday. The stock has a 52-week high of $13.34 and a 52-week low of $3.61.