The stock of VirnetX Holding Corporation (NYSEMKT:VHC) is a huge mover today! About 5.12 million shares traded hands or 726.87% up from the average. VirnetX Holding Corporation (NYSEMKT:VHC) has declined 33.91% since February 29, 2016 and is downtrending. It has underperformed by 46.13% the S&P500.
The move comes after 8 months positive chart setup for the $223.15 million company. It was reported on Oct, 3 by Barchart.com. We have $6.65 PT which if reached, will make NYSEMKT:VHC worth $140.58 million more.
Analysts await VirnetX Holding Corporation (NYSEMKT:VHC) to report earnings on November, 14.
According to Zacks Investment Research, “VirnetX Holding Corporation is engaged in developing products for real-time communications such as Instant Messaging and Voice over Internet Protocol, commercializing its patent portfolio and providing contract research, prototyping, systems integration and technical services.”
More notable recent VirnetX Holding Corporation (NYSEMKT:VHC) news were published by: Seekingalpha.com which released: “VirnetX Vs. Apple Trial: Verdict #3” on October 03, 2016, also Fool.com with their article: “Why VirnetX Holding Corp. Stock Plummeted Today” published on August 01, 2016, Marketwatch.com published: “Virtual Stock Exchange” on March 17, 2010. More interesting news about VirnetX Holding Corporation (NYSEMKT:VHC) were released by: Ibtimes.com and their article: “VirnetX Holding Corp. (VHC) Stock Soars After $626M Patent Judgment Against …” published on February 04, 2016 as well as Fool.com‘s news article titled: “Why VirnetX Holding Corporation Stock Skyrocketed Today” with publication date: June 14, 2016.
VHC Company Profile
VirnetX Holding Corporation, incorporated on March 30, 2007, is an Internet security software and technology Company with a technology for secure communications, including fourth-generation (4G) long term evolution (LTE) security. The Company’s 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 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. The Company’s 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. The Company’s methods also have additional applications in the areas of device operating systems and network security for Cloud services, M2M communications in the initiatives, such as Smart City, Connected Car and Connected Home.
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