SuperCom, Ltd. (NASDAQ:SPCB) shares are blasting higher on very heavy trading volume Tuesday. Here’s a look at what’s going on:
What To Know:
SuperCom Ltd. is an Israel-based provider of digital identity and cybersecurity products and solutions to governments and private and public organizations throughout the world.
There may be increased investor interest in the stock due to the ongoing conflict in the Middle East between Israel and Hamas and the nature of SuperCom’s business activities.
Shares of SPCB are up more than 100% on Tuesday and are moving on heavy volume.
According to data from Benzinga Pro, more than 71 million shares have already been traded in the session, far exceeding the stock’s 100-day average of only 418 thousand shares.
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SPCB Price Action: According to Benzinga Pro, SuperCom Ltd. shares are up 119% at 79 cents at the time of publication.
Image: Gerd Altmann from Pixabay
