Shares of NXT-ID (NXTD) Rally 48.64%

NXT-ID (NXTD) : Traders are bullish on NXT-ID (NXTD) as it has outperformed the S&P 500 by a wide margin of 60.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 46.45%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 48.64% in the last 1 week, and is up 67.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 56.47% and the 50-Day Moving Average is 54.49%.

NXT-ID (NASDAQ:NXTD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.45 and $0.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.58, notching a gain of 34.19% for the day. The total traded volume was 10,059,355 . The stock had closed at $0.43 on the previous day.


The company Insiders own 55.54% of NXT-ID shares according to the proxy statements. Institutional Investors own 2.09% of NXT-ID shares. During last six month period, the net percent change held by insiders has seen a change of -6.76%. In a related news, Miceli Vincent S, CFO of Nxt-Id, Inc., executed a transaction worth $372 on September 29, 2015. A total of 400 shares were purchased at an average price of $0.93. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Nxt-ID, Inc. is an early stage technology company. The Company is focused on products, solutions and services required for biometric secure access control. The Company has three lines of business, which include mobile commerce (m-commerce); law enforcement and biometric access control applications, and law enforcement. The Companys products include Wocket, MobileBio VoiceMatch, FaceMatch, 3D FaceMatch Biometric Identity Systems and 3D SketchArtist. Wocket is a physical electronic smart wallet that can hold information from credit cards, debit cards, loyalty cards, identification cards, and virtually any magnetic stripe card. Voicematch is a method of recognizing both speakers and specific words providing multi-factor recognition. FaceMatch serves as a modular facial recognition system for smartphones, tablets, laptop and desktop computers. 3D SketchArtist is a three dimensional (3D) software face composite sketch tool.

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