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

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Shares of Nxt-ID Inc.
NXTD,
+91.02%

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,
-0.50%

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,
+1.18%

has advanced 18.4% and the S&P 500
SPX,
+0.51%

has gained 10.8%.



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