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.