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FireEye Inc (NASDAQ:FEYE) shares are trading higher by 39 cents, or 2.7 percent, at $16.40 in Monday's session.
The stock, as well as others in the cybersecurity space, are getting a boost from the data breach at Equifax (NYSE:EFX) that affected 143 million consumers on Friday. Stephens also upgraded the stock on Monday morning.
See Also: Putting The Equifax Hack Into Perspective: How It Ranks
After a higher open, FireEye had a brief retreat but found support just ahead of the top of Friday's range ($16.13), only reaching $16.17 before resuming its move higher. So far, the follow-through rally took the stock to $16.61, but has backed off that level.
FireEye's stock is now poised to close at its highest since July 25, when it ended that session at $16.08.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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