At last check, Support.com Inc. (SPRT) shares were up 21.39% to $8.40 in after-hours trading. The SPRT stock closed Tuesday’s session at $6.92, up 2.67%. SPRT closed with a volume of 5.65 million shares, well above the average daily volume of 3.46 million shares in the past 50 days. Since the beginning of the year, Support.com Inc. shares have risen by 373.97%, and the stock has moved up by 53.44% in the past seven days.

The SPRT stock gained 88.56% over the past three months, but it lost 214.55% over the past six months. Moreover, Support.com Inc. currently has a market capitalization of $148.51 million and has 20.20 million enumerated shares outstanding. SPRT’s stock price rose in the absence of recent news, which allows us to draw more conclusions from recent developments.

What’s been going on at SPRT Stock?

A leading provider of customer support and technical support services, Support.com employs home-based employees to deliver services. SPRT has achieved outstanding results for global and top-tier clients for more than 20 years. In addition, SPRT’s omnichannel solutions are designed specifically for Homesourcing environments, resulting in NPS scores that are among the highest in the industry. Using its proprietary cloud-based systems and a highly scalable, global network of home-based employees, Support.com Inc. efficiently meets changing client needs.

The Russell Stock Index reconstitutes its stock index annually, and Support.com recently joined the Russell Microcap Index as part of the reconstitution.

• SPRT was added to the index on June 28, 2021.
• As a member of the Russell Microcap Index, SPRT will automatically be included in the growth and value style indexes for one year.
• Support.com Inc. membership is determined by market capitalization rankings and the style attributes of SPRT for FTSE Russell indexes.
• It was an important milestone for Support.com Inc. for its continued development that it was included in the Russell Microcap Index.
• As part of the broader investment community, the recognition provides Support.com Inc. with added visibility.

The SPRT stock has gained more than 70 percent since it became a member of the Russell index.

Launch of new service:

Support.com also announced new services last month that provide 24/7 on-demand customer support to emerging fintech companies, cryptocurrency and NFT exchanges, wallet OEMs, and cryptocurrency exchanges. By leveraging its proprietary security software and deep institutional knowledge, Support.com Inc. will be able to meet rising market interest and demand for crypto-based customer support solutions, including SPRT’s Cloud Platform and Crypto Concierge service.

How SPRT will be leveraging its capabilities?

The Homesourcing model of SPRT combines a secure, cloud-based platform with integrated customer support tools to enable a rapidly scalable, always-on workforce capable of supporting business operations at all times. Support.com hires and onboards experts with the technical knowledge and skills required to support crypto and fintech services without geographical restrictions or brick-and-mortar facilities.