Why Israel-Based Hub Cyber Security's Stock Is Up Today

Hub Cyber Security Ltd. HUBC shares are trading higher Monday following Iran’s drone attack on Israel.

The Details:

Shares of the Israel-based cyber security firm rose more than 11% on Friday and are moving on heavy volume Monday as the situation in the Middle East develops. According to data from Benzinga Pro, more than 25.8 million shares have already been traded in the session, far exceeding the stock’s 100-day average volume of 3.134 million shares.

Hub Cyber Security announced a $8 million financing acquisition via a straight debt arrangement on April 5.

“Securing this financing underlines our commitment to growth and financial stability. It enables our strategic initiatives, meets creditor obligations, and reflects our dedication to transparency and accountability. Additionally, we are nearing the completion of our audit process, a crucial step in timely submitting our year-end financial reports, further affirming our commitment to our stakeholders,” remarked Noah Hershcoviz, CEO of Hub. 

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How To Buy HUBC Stock:

By now you're likely curious about how to participate in the market for Hub Cyber Security – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Hub Cyber Security, which is trading at $1.60 as of publishing time, $100 would buy you 64 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

HUBC Price Action: According to Benzinga Pro, Hub Cyber Security shares are up 23% at $1.60 at the time of publication Monday.

Image: Brian Penny from Pixabay