The past few days have been quite a fruitful time for investors in Infinite Group Inc. (OTCMKTS:IMCI) and that can be ascertained from the gains clocked by its stock. Yesterday, the stock was in focus once again and ended up with gains of 4%. That took the gains made over the course of the past week to as much as 13%.
Trading Data
On Wednesday, IMCI stock gained 4.17% to $0.1250 with more than 24.20k shares, compared to its average volume of 11.78k shares. The stock has moved within a range of $0.1200 – 0.1250 after opening trade at $0.12.
IGI CyberLabs Releases Automatic Update to its Nodeware(R) Solution that Identifies Log4j Vulnerabilities
In this situation, it is important for investors to take a look at the announcement from the company’s subsidiary IGI CyberLabs yesterday. The subsidiary announced yesterday that the Nodeware solution that it owns was added with industry leading technology by way of which it will be able to thoroughly and automatically scan for vulnerabilities related to Log4j.
The addition of this detection technology to Nodeware could actually prove to be a game change for IGI CyberLabs and the excitement among investors with regards to the IGI stock was perhaps understandable.
However, it is now going to be interesting to see if the development can lead to sustained move in the IGI stock or not in the coming days. Hence, it may be a good move to add the IGI stock to you watch lists and keep watching the price action.
Key Quote
“Nodeware Agents and credentialed scans can now pick up the updates and additional content automatically with no user intervention required,” said Stuart Cohen, President of IGI CyberLabs. “This level of identification of Log4j is critical for all companies as this flaw continues to enable attackers of any skill level to remotely take control of a vulnerable system and cause serious damages.”
Technical Data
IMCI stock is trading above the 20-Day and 50-Day Moving averages of $0.1030 and $0.1189 respectively. However, the stock is trading below the 200-Day moving average of $0.1782.
