SIGA Technologies Inc. ( SIGA ) shares are trading higher on Friday after the company announced it declared a special cash dividend of $0.60 per share.

SIGA Technologies ( SIGA ) shares are powering higher. What’s driving SIGA ( SIGA ) stock higher?

Company Announces Special Cash Dividend

Siga’s board of directors declared a special cash dividend of $0.60 per share on the company’s common stock. The amount of this dividend is consistent with the special dividend declared last April. This dividend is payable in late April, to shareholders of record at the close of business on April 7.

With the major indices red and market breadth weak (only 3 sectors advancing versus 8 declining), SIGA's ( SIGA ) strength reads more like a technical rebound than a "rising tide" move. Energy (+1.78%), Utilities (+1.38%), and Consumer Staples (+1.25%) are leading, which fits a defensive tilt that can sometimes spill into idiosyncratic healthcare names.

From a chart perspective, SIGA ( SIGA ) is coming off a fresh oversold signal after RSI slipped below 30 on March 20, and that can attract short-term dip buyers looking for mean reversion. The stock also recently printed a swing low on March 18 (which also marked the 52-week low), making this area a natural spot for traders to probe for a base.

Stocks Stays Below Key Averages

SIGA ( SIGA ) is trading 4.1% below its 20-day simple moving average (SMA) and 16.5% below its 100-day SMA, keeping the intermediate trend pointed down despite Friday's bounce. Shares are down 5.66% over the past 12 months and sit closer to the 52-week low than the 52-week high, which underscores how much repair work the chart still needs.

The RSI is at 29.98, which is oversold and often associated with exhaustion selling rather than sustained upside by itself. Meanwhile, MACD is at -0.4078 and below its signal line at -0.3821, keeping bearish momentum in place even as the stock attempts to stabilize.

The combination of oversold RSI (below 30) and bearish MACD suggests mixed momentum.

Key Resistance: $5.50

Key Support: $5.00

Siga Outperforms Healthcare Industry

SIGA ( SIGA ) is outperforming its Healthcare peer group today, up 6.65% while the sector is down 1.03%, a gap of about 7.68 percentage points. That relative strength stands out because Healthcare ranks 7 out of 11 sectors (mid-tier) in Friday's session, meaning SIGA ( SIGA ) is moving opposite the sector's broader drift.

The move mirrors Oxford Industries' 11.2% jump to $35.47, which often leads SIGA ( SIGA ) to catch incremental bids because it shows traders are still rewarding single-name catalysts even with the Nasdaq down 1.19%. In other words, SIGA ( SIGA ) is acting like a "best house in a bad neighborhood" today—rising even as Healthcare slides 1.03% and the broader tape stays risk-off.

Zooming out, the Healthcare sector is in a drawdown mode, down 8.61% over the last 30 days and down 7.43% over the last 90 days. In that context, SIGA's ( SIGA ) pop looks more like a stock-specific rebound attempt inside a still-weak sector tape, so traders typically want to see follow-through above nearby resistance before treating it as a trend change.

Earnings & Analyst Outlook

Looking further out, the next major catalyst for the stock arrives with the May 7, 2026 (estimated) earnings report.

EPS Estimate: N/A

Revenue Estimate: N/A

Valuation: P/E of 15.5x (suggests fair valuation relative to peers)

Analyst Consensus & Recent Actions: The stock carries a N/A Rating. No recent analyst actions available.

Shares Head Up During Regular Hours

SIGA Stock Price Activity: SIGA Technologies ( SIGA ) shares were up 7.06% at $5.31 at the time of publication on Friday, according to Benzinga Pro data.

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