Popular Stories

Nxt-ID’s stock rockets toward back-to-back record gains, on massive volume

Shares of Nxt-ID Inc. NXTD, +95.89% rocketed Thursday toward a second-straight record gain, and was on track for another day of record trading volume, although the company hasn’t released any news. The company did not immediately respond to a request for comment. The Connecticut-based company provides technology products for use in biometric and behavior-metric identity verification, security, encryption and data protection and payments. The stock’s rally comes after U.S. government agencies and SolarWinds Corp. SWI, -2.16% suffered massive hacks this week, that were blamed on Russia. The stock rose 91.6% in afternoon trading Thursday, which would be the biggest percentage gain since the company went public in August 2013, breaking Wednesday’s record rally of 89.5%. Volume was 304.8 million shares, just below Wednesday’s one-day record volume of 308.2 million shares. The stock is the most actively traded on major U.S. exchanges. The stock has now run up 365.8% amid a four-day win streak. The stock has hiked up 378.5% over the past three months, while the ETFMG Prime Cyber Security ETF HACK, +1.09% has advanced 18.4% and the S&P 500 SPX, +0.53% has gained 10.8%.

View Article Origin Here

Related Articles

Back to top button