VirnetX Holding Corp (VHC) has risen sharply, recording gains of 11.27% in the past 4 weeks. However, the stock has corrected -2.86% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.87% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 8.28% and the 50-Day Moving Average is 4.39%.The 200 Day SMA reached 23.89%
VirnetX Holding Corp (NYSEMKT:VHC): The stock opened in the green at $3.18 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $3.2199 and a low of $3.04 for the day. The stock did not find buyers even at the lows and closed at $3.06 recording a loss of -3.47%. 580,366 shares exchanged hands during the trading day. The stock had closed at $3.06 in the previous days trading.
VirnetX Holding Corporation is an Internet security software and technology Company with patented technology for secure communications including 4G LTE security. The Companys software and technology solutions, including its secure domain name registry and GABRIEL Connection Technology, are designed to facilitate secure communications and provide the security platform required by Internet-based applications, such as instant messaging (IM), voice over Internet protocol (VoIP), mobile services, streaming video, file transfer, remote desktop and machine-to-machine (M2M) communications. Its portfolio is primarily focused on securing communications over the Internet, as well as related services, such as the establishment and maintenance of a secure domain name registry. Its methods also have additional applications in the areas of device operating systems and network security for Cloud services, M2M communications in the initiatives like Smart City, Connected Car and Connected Home.