VirnetX (NYSE:VHC) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

by · The Markets Daily

VirnetX Holding Corp (NYSE:VHC – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.79 and traded as high as $18.32. VirnetX shares last traded at $18.25, with a volume of 33,404 shares changing hands.

VirnetX Trading Up 2.5%

The stock has a fifty day simple moving average of $21.02 and a two-hundred day simple moving average of $16.85. The firm has a market cap of $77.95 million, a PE ratio of -3.80 and a beta of 2.09.

Institutional Investors Weigh In On VirnetX

Several hedge funds have recently made changes to their positions in VHC. JPMorgan Chase & Co. lifted its holdings in shares of VirnetX by 9,676.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,986 shares of the technology company’s stock valued at $85,000 after buying an additional 4,935 shares during the period. Geode Capital Management LLC raised its stake in shares of VirnetX by 4.2% in the second quarter. Geode Capital Management LLC now owns 32,357 shares of the technology company’s stock valued at $351,000 after acquiring an additional 1,318 shares during the period. Csenge Advisory Group grew its position in VirnetX by 44.1% in the 3rd quarter. Csenge Advisory Group now owns 59,968 shares of the technology company’s stock valued at $1,079,000 after acquiring an additional 18,353 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of VirnetX by 2.9% during the third quarter. Vanguard Group Inc. now owns 172,337 shares of the technology company’s stock valued at $2,947,000 after acquiring an additional 4,815 shares in the last quarter. 10.37% of the stock is currently owned by institutional investors.

About VirnetX

(Get Free Report)

VirnetX Holding Corporation (NYSE: VHC) is a patent licensing and technology development company specializing in secure communications and networking. The company’s core business centers on the design, development and monetization of patented software solutions that enable secure domain name system (SDNS) protocols, end-to-end encryption, and real-time collaboration across voice, video and messaging services.

At the heart of VirnetX’s offerings is its proprietary “GABRIEL” technology, an SDNS platform that underpins encrypted voice-over-IP (VoIP), video conferencing and secure messaging applications.

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