What's Going On With Hub Cyber Security Stock?

Hub Cyber Security Ltd. HUBC shares are trading higher Friday, and the stock is up by more than 40% over the last five days.

What To Know:

On Thursday, Israeli-based Hub Cyber Security announced its participation in Israel's digital ‘Fortress' defenses. HUB Security will provide superior defenses to national infrastructures in the wake of the urgent need for robust cybersecurity measures due to the ongoing conflict in the area. 

"At HUB Security, we are dedicated to protecting critical infrastructures and ensuring the security of sensitive data," said Uzi Moskowitz, CEO of HUB Security. "We have but one homeland and we are committed to providing cutting-edge solutions to defend against cyber threats."

The company stated, "HUB's Secure File Vault represents the fortification of our national digital defenses with our state-of-the-art Zero Trust-based Confidential Computing solutions."

Shares of HUBC are up on heavy trading volume Friday. According to data from Benzinga Pro, more than 47 million shares have been traded in the session, compared to the stock's 100-day average of 7.222 million shares.

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HUBC Price Action: According to Benzinga Pro, Hub Cyber Security shares are up 6.6% at 61 cents at the time of publication.

Image: Pete Linforth from Pixabay