VirnetX Holding Corp (VHC) Shares are Up 13.81%

VirnetX Holding Corp (VHC) has been under a strong bear grip, hence the stock is down -32.19% 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 13.75% in the past 1 week. The stock has risen by 13.81% in the past week indicating that the buyers are active at lower levels, but the stock is down -31.49% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 20.32% and the 50-Day Moving Average is 33.3%. VirnetX Holding Corp (NYSEMKT:VHC): On Fridays trading session , Opening price of the stock was $2.85 with an intraday high of $2.85. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.65. However, the stock managed to close at $2.72, a loss of 3.55% for the day. On the previous day, the stock had closed at $2.82. The total traded volume of the day was 873,301 shares.


The company Insiders own 17.6% of VirnetX Holding Corp shares according to the proxy statements. Institutional Investors own 19.72% of VirnetX Holding Corp shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.