Shares of Nxt-ID Inc. (NXTD) rocketed 60% on hea

Shares of Nxt-ID Inc. (NXTD) rocketed 60% on heavy volume in premarket trade Monday, after the company said its FitPay Inc. subsidiary entered into a network services agreement with Discover Financial Services (DFS). Volume topped 1.9 million shares ahead of the open, making the stock the most actively traded ahead of the open. The agreement will allow Discover cardholders to make secure "contactless payment transactions" at retail locations with wearable devices. Under the agreement, FitPay's payment and digital wallet platform will be integrated with DDX, which is Discover's tokenization platform. "Consumers should have options in how they pay, and this agreement makes cutting-edge payment devices available to Discover cardholders," said Nxt-ID Chief Operating Officer Michael Orlando . Discover's stock was inactive in premarket trade. Over the past three months, Nxt-ID's stock has run up 59.1%, Discover shares have gained 21.4% and the S&P 500 has tacked on 5.6%.
- Tomi Kilgore ; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
02-26-18 1324ET

The majority of my post are the top 20% gainer! To decode them its (ticker ID, % Changed, Volume, Close price and Float) I typically put V,C&F as a prefix to that number and use K, M and B as a suffix (Kilo, Million & Billion) for volume and float. I may also use S for Support and R for Resistance.

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