VirnetX Holding Corp. Target of Unusually High Options Trading (VHC)
VirnetX Holding Corp. (NYSE:VHC) was the recipient of unusually large options trading on Monday. Stock investors purchased 6,999 put options on the stock, Analyst Ratings.Net reports. This represents an increase of 286% compared to the typical volume of 1,811 put options.
A number of analysts have recently weighed in on VHC shares. Analysts at Zacks upgraded shares of VirnetX Holding Corp. from an “underperform” rating to a “neutral” rating in a research note on Monday, May 12th. They now have a $13.70 price target on the stock.
VirnetX Holding Corp. (NYSE:VHC) traded up 1.74% during mid-day trading on Monday, hitting $16.94. The stock had a trading volume of 470,539 shares. VirnetX Holding Corp. has a 52-week low of $12.10 and a 52-week high of $26.25. The stock’s 50-day moving average is $14.87 and its 200-day moving average is $16.89. The company’s market cap is $872.7 million.
VirnetX Holding Corporation, is engaged in the business of commercializing a portfolio of patents. The Company seeks to license its technology, including GABRIEL Connection Technology, to various original equipment manufacturers, or OEMs, that use its technologies in the development and manufacturing of their own products within the IP-telephony, mobility, fixed-mobile convergence and unified communications markets.
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