Intellicheck, Inc. (IDN) shares soared 22.70 percent to $4.05 on Tuesday after announcing a significant expansion of its partnership with a leading Southern regional bank.
Intellicheck opened at $3.85 and traded between $3.69 and $4.30 throughout the session. Volume spiked to 1.69 million shares, far exceeding the average of 81,000. The stock is trading near the upper end of its 52-week range of $1.92 to $4.46.
The new three-year agreement, valued in the high seven-figure range, adds teller workstation transactions to the bank's existing digital use cases. With more than 1,900 branches now utilizing Intellicheck's identity validation technology, the client is expected to become one of the company's top three revenue generators.
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