Intellicheck Mobilisa, ICx Technologies Rally on Volume

NEW YORK (TheStreet) -- Intellicheck Mobilisa (IDN) and ICx Technologies (ICXT) were rallying Thursday on heavy volume as investors continued to pile into airline security plays following the attempted terrorist attack a week ago.

Intellicheck Mobilisa surged by $1.51, or 63.2%, to $3.90 as the company continued to tout its Defense ID access control product, which it says could have helped prevent the terrorist attack on Friday. A man in custody has been charged with attempting to detonate a homemade explosive device on a Detroit-bound aircraft on Christmas.

In an interview with TheStreet, Intellicheck Mobilisa CEO Nelson Ludlow said that the company's Defense ID device is able to read drivers' licenses, passports and military IDs. Rather than checking against a single list, Intellicheck Mobilisa's scanner currently uses 140 different lists, and can handle up to 1,000 lists, Nelson said.

Airlines Checking Out Intellicheck

Similarly, ICx Technologies jumped by $1.45, or 17%, to $9.98 following the attempted attack. Reports that airports will implement new body-scanning security equipment have pushed ICx shares higher over the last four trading sessions.

ICx Technologies shares have now doubled in this holiday shortened week, while Intellicheck Mobilisa's share price has tripled. More than 2.33 million shares of Intellicheck Mobilisa changed hands by 10:15 a.m. EST Thursday, compared to the three-month daily average volume of 35,000. ICx Technologies volume topped 4.37 million, compared to the three-month average of 122,000 shares.

Intellicheck Mobilisa has a 13.6 million-share float with 460,000 shares short as of Dec. 15, according to Yahoo! Finance. Insiders hold 48.1% of the company's shares, with another 4.6% owned by institutions.

Meanwhile, ICx Technologies has a 11.7 million-share float with 233,000 shares short as of Dec. 15, according to Yahoo! Finance. Insiders hold only 3.9% of the company's shares, with another 75.4% owned by institutions.

-- Written by Robert Holmes in Boston.

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