Insider Selling: John Fichthorn Sells 157,629 Shares of Immersion Corp. Stock (IMMR)
Immersion Corp. (NASDAQ:IMMR) Director John Fichthorn sold 157,629 shares of Immersion Corp. stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $13.64, for a total transaction of $2,150,059.56. Following the sale, the director now directly owns 24,750 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Feltl & Co. raised their price target on shares of Immersion Corp. (NASDAQ:IMMR) from $14.00 to $16.00 in a research note to investors on Tuesday, July 30th. They now have a “buy” rating on the stock.
Immersion Corp. (NASDAQ:IMMR) traded up 1.04% during mid-day trading on Wednesday, hitting $13.64. The stock had a trading volume of 131,645 shares. Immersion Corp. has a 52-week low of $4.15 and a 52-week high of $16.73. The stock has a 50-day moving average of $13.61 and a 200-day moving average of $12.54. The company’s market cap is $389.3 million.
Immersion Corp. (NASDAQ:IMMR) last announced its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.03. The company had revenue of $10.20 million for the quarter, compared to the consensus estimate of $10.27 million. On average, analysts predict that Immersion Corp. will post $0.25 earnings per share for the current fiscal year.
Immersion Corporation (NASDAQ:IMMR) is a provider of haptic technologies that allow people to use their sense of touch when operating a variety of digital devices.
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