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.

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Ron Haruni is the Co-Founder & Editor in Chief of 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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