Market Overview

Why Intellicheck's Stock Is Trading Lower Today

Why Intellicheck's Stock Is Trading Lower Today

Intellicheck (NASDAQ: IDN) shares are trading lower on Friday after the company announced it priced its 1.538 million shares of the company's common stock offering at $6.50 per share.

Intellicheck provides technology solutions that stop identity theft and fraud with real-time identification authentication and age verification. The company makes it possible for its clients to increase revenues, improve customer service, and increase operational efficiencies.

Under new direction, the company is focused on partnering with banks and credit card issuers and retailers to prevent fraud. It derives revenue through Sales of systems, subscription fees, sale of software upgrades and extended maintenance programs.

Intellicheck shares were trading down 3.15% at $7.07 at the time of publication on Friday. The stock has a 52-week high of $10.54 and a 52-week low of $1.91.


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