Clear Stock Surges 60%

Clear Secure demand surged as long TSA lines during the government shutdown drove travelers to faster security services.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Clear Secure is seeing increased demand as long TSA lines drive travelers to its service during a partial government shutdown,

00:09according to the Wall Street Journal.

00:11App downloads reached 289,000 since early March, more than triple the prior year, according to Sensor Tower.

00:18Clear's stock rose around 60% over the past month following strong sales guidance.

00:23Travelers at John F. Kennedy International Airport moved through Clear Plus in under 10 minutes, while other lines stretched multiple

00:31rows.

00:31Some pre-check users signed up on the spot.

00:34Clear's expansion beyond airport security is driving optimism.

00:38It's Clear One platform posting record bookings and new health care deals to streamline patient check-ins and identity verification.

00:45The company is also installing biometric eGuts at airports while dealing with service disruptions tied to TSA staffing shortages.

00:52For all things money, visit Benzinga.com.