Immersion Corporation (IMMR) Shares are Up 2.12%

Immersion Corporation (IMMR) has been under a strong bear grip, hence the stock is down -3.79% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.8% in the past 1 week. The stock has risen by 2.12% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.99% in the past 4 weeks.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.66% and the fifty day Moving Average is 0.91%. Immersion Corporation is up 19.77% in the last three month period. Year-to-Date the stock performance stands at -38.16%.

Immersion Corporation (IMMR) : The highest level Immersion Corporation (IMMR) is projected to reach is $15 for the short term and the lowest estimate is at $11. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $12.85 and the possibility the share price can swing is $2.


Immersion Corporation (NASDAQ:IMMR): On Fridays trading session , Opening price of the stock was $7.25 with an intraday high of $7.38. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.14. However, the stock managed to close at $7.21, a loss of 0.96% for the day. On the previous day, the stock had closed at $7.28. The total traded volume of the day was 107,709 shares.

Immersion Corporation is an intellectual property (IP) and software licensing company focused on the creation, design, development and licensing of haptic innovations and software that allow people to use their sense of touch more when operating a range of digital devices. The Company is focusing its marketing and business development activities on the following markets: mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial. In the target markets, it licenses the software and IP to manufacturers for use in products sold under their own brand names. It has software licenses for TouchSense, TouchSense 1000, TouchSense 2000, TouchSense Core, Integrator and TouchSense Engage. It offers patent licenses in Basic Haptics and Force Feedback. It also offers Turn-key Engineering and Integration Services, Design Kits for Prototyping, Authoring Tools, Application Programming Interfaces and Platform Independent Solutions.

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