What's Going On With Hub Cyber Security Stock?

Hub Cyber Security Ltd. HUBC shares are blasting higher Monday, and the stock is up more than 100% since Friday.

What To Know:

Shares of HUBC are up on very heavy trading volume Monday which may be due to the conflict between Israel and Hamas, as there is heightened uncertainty surrounding the possibility of cyberattacks.

Hub Cyber Security is engaged in the development of cyber products, risk management and software and quality systems. The company provides cybersecurity computing appliances as well as a wide range of cybersecurity professional services.

According to data from Benzinga Pro, more than 106 million shares have been traded in the session, far exceeding the stock's 100-day average of just over 1 million shares.

Last Wednesday, Hub Cyber Security announced the appointment of Noah Hershcoviz as chief strategy officer and Shai Schiller as a member of the strategy team. 

"We are excited to welcome Mr. Hershcoviz and Mr. Schiller to our esteemed team," stated Mr. Uzi Moskowitz, CEO of HUB Security. "Their collective wealth of experience, and expertise is poised to augment our company's capabilities and propel us toward our ambitious goals."

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HUBC Price Action: According to Benzinga Pro, Hub Cyber Security shares are up 78% at 42 cents at the time of publication.

Image: Pete Linforth from Pixabay