Immersion Corp (IMMR) Files Form 4 Insider Selling : Mahesh Sundaram Sells 10,329 Shares

Immersion Corp (IMMR): Mahesh Sundaram , VP, Worldwide OEM Sales of Immersion Corp sold 10,329 shares on Jun 21, 2016. The Insider selling transaction was reported by the company on Jun 23, 2016 to the Securities and Exchange Commission. The shares were sold at $7.00 per share for a total value of $72,303.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2015, Jason Patton (VP/GM,Content & Media Business) sold 1,855 shares at $11.90 per share price.On Feb 26, 2015, Paul F Norris (Chief Financial Officer) sold 1,492 shares at $8.32 per share price.

Immersion Corporation: On Tuesday, Jun 21, 2016 heightened volatility was witnessed in Immersion Corporation which led to swings in the share price. The shares opened for trading at $6.41 and hit $7.23 on the upside , eventually ending the session at $7.22, with a gain of 12.81% or 0.82 points. The heightened volatility saw the trading volume jump to 7,14,601 shares. The 52-week high of the share price is $14.45 and the company has a market cap of $208 M . The 52-week low of the share price is at $5.9.

Immersion Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Immersion Corporation is Reiterated by Craig Hallum to Buy while Lowering the Price Target of the company shares to $ 10 from a previous price target of $12 . The Rating was issued on May 6, 2016.Immersion Corporation is Initiated by Lake Street to Buy and the brokerage firm has set the Price Target at $11.25. The Rating was issued on Apr 18, 2016.

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.

Leave a Reply

Immersion Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Immersion Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.