Clear Secure (YOU) Climbs to 4-Year High After Bagging CMS Contract

We recently published 10 Big Names Leaving Wall Street in the Dust; 4 at Fresh Highs. Clear Secure Inc. (NYSE:YOU) is one of the best performers on Friday.

Clear Secure surged to a new four-year high on Friday, after bagging a contract with the Centers for Medicare & Medicaid Services (CMS) to support the modernization of identity verification for Medicare beneficiaries and providers.

At intra-day trading, the stock climbed to its highest price of $42.07 before paring gains to end the day just up by 13.29 percent at $41.08 apiece.

In a statement earlier in the week, Clear Secure Inc. (NYSE:YOU) said that the CMS will integrate its secure identity platform, CLEAR1, for account creation, account recovery, and access to healthcare information, beginning early 2026.

CLEAR1 aims to address the growing challenges of identity risk in healthcare by replacing legacy checks with multi-layered verification, in a bid to reduce identity-related fraud, minimize misuse of sensitive data, and restore trust in digital access to care.

The initiative also aims to support priorities outlined in CMS’ nationwide Health Technology Ecosystem initiative announced at the White House earlier this year, which aims to create a more connected, patient-centered, and interoperable healthcare system.

“CLEAR’s mission is to make experiences safer and easier by securely connecting people to their true identity,” said Clear Secure Inc. (NYSE:YOU) CEO Caryn Seidman Becker.

“We have spent more than 15 years building public-private partnerships grounded in the belief that identity is foundational to trust. Bringing CLEAR1 to Medicare.gov builds on that work and reflects our long-standing commitment to improving access to care. We are proud to support efforts that help protect beneficiaries, reduce fraud, and strengthen secure digital identity across U.S. healthcare.”

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Disclosure: None. This article is originally published at Insider Monkey.