SuperCom Ltd. (SPCB) is a global provider of conventional and digital identity solutions, delivering superior safety, identification, and security solutions worldwide to governments and commercial and public organizations. In addition, the Tel Aviv-Yafo, Israel-based company provides a one-of-a-kind all-in-one field-proven RFID & mobile technology and product suite and innovative supplemental services for various sectors.
The stock is up 11.7% in price year-to-date to close yesterday's trading session at $0.58 due to insider buying. The company's Chairman, Aerie Trabelsi, acquired 512,000 shares of SPCB stock on the open market. Trabelsi stated, "I believe the SPCB current stock price levels do not reflect the high intrinsic value of the company. This recent 512,000 SPCB shares purchase, and my purchase program, provides me the ability to opportunistically acquire SuperCom shares and underscores my ongoing belief in the company."
