Immersion Corporation (IMMR) : Traders are bullish on Immersion Corporation (IMMR) as it has outperformed the S&P 500 by a wide margin of 16.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.64%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.16% in the last 1 week, and is up 16.8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.97% and the 50-Day Moving Average is 4.31%.The 200 Day SMA reached 9.59%. Immersion Corporation is up 14.83% in the last 3-month period. Year-to-Date the stock performance stands at -35.59%.
Immersion Corporation (NASDAQ:IMMR): After opening at $7.34, the stock dipped to an intraday low of $7.19 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.52 and the buying power remained strong till the end. The stock closed at $7.51 for the day, a gain of 2.74% for the day session. The total traded volume was 122,773. The stocks close on the previous trading day was $7.31.
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.