Wave Systems Spikes On Obama’s Plans for a New Internet Identification System

Wave Systems Corp. (WAVX) jumped 7.98 percent to $4.33 in early Monday trading. Strength being attributed to a Bloomberg story that says the Obama administration plans to announce today plans for an Internet identity system that will limit fraud and streamline online transactions, leading to a surge in Web commerce. The Bberg story was out Friday.

WAVX has a 52 week low of $1.65 and a 52 week high of $4.75. More than 800,000 WAVX shares have traded hands so far into the session versus 12-week day average volume of 430,000 shares.

Wave Systems Corp. provides client and server software for hardware-based digital security. Its solutions enable organizations to know who is connecting to their IT infrastructure, protect corporate data and strengthen the boundaries of their networks.

About Ron Haruni 1036 Articles
Ron is the Co-Founder & Editor in Chief of Wall Street Pit. Web Site: Wall Street Pit

1 Comment on Wave Systems Spikes On Obama’s Plans for a New Internet Identification System

  1. How will Wave Systems manage to furnish an Internet Identity System? Presumably this would tie Internet usage to a specific user’s Browser? But this surely removes the freedom to use the internet from anywhere.
    N.

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