VirnetX (NYSE:VHC) Stock Price Crosses Above 200 Day Moving Average - What's Next?
VirnetX (NYSE:VHC) stock price crossed above its 200-day moving average, trading as high as $23.37. The stock last traded at $23.23 with a volume of 18,464 shares. Wall Street Zen upgraded the stock from a 'sell' to 'hold' rating. Institutional investors like Geode Capital and Vanguard Group have increased their stakes in the company. VirnetX operates as an Internet security software company in the U.S. Despite the 'hold' rating, analysts suggest other stocks as better buys.
VirnetX Holding Corp (NYSE:VHC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.43 and traded as high as $23.37. VirnetX shares last traded at $23.23, with a volume of 18,464 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded VirnetX from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th.
Read Our Latest Report on VHC
VirnetX Stock Performance
The stock has a market cap of $99.22 million, a PE ratio of -4.84 and a beta of 1.90. The company's 50-day moving average price is $19.98 and its two-hundred day moving average price is $15.43.
Institutional Investors Weigh In On VirnetX
Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of VirnetX by 4.2% during the 2nd quarter. Geode Capital Management LLC now owns 32,357 shares of the technology company's stock valued at $351,000 after purchasing an additional 1,318 shares during the last quarter. Vanguard Group Inc. boosted its stake in VirnetX by 2.9% in the third quarter. Vanguard Group Inc. now owns 172,337 shares of the technology company's stock worth $2,947,000 after buying an additional 4,815 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in VirnetX by 9,676.5% in the third quarter. JPMorgan Chase & Co. now owns 4,986 shares of the technology company's stock worth $85,000 after buying an additional 4,935 shares in the last quarter. Finally, Csenge Advisory Group grew its position in VirnetX by 44.1% during the third 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. Institutional investors own 10.37% of the company's stock.
About VirnetX
(Get Free Report)VirnetX Holding Corporation, through its subsidiary VirnetX, Inc, operates as an Internet security software and technology company primarily in the United States. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure communications over the Internet using zero trust network access.
Read More
- Five stocks we like better than VirnetX
- The Risks of Owning Bonds
- Warner Bros. Sale Rumors Heat Up: What Investors Need to Know
- Best Energy Stocks - Energy Stocks to Buy Now
- From Science Project to Solvent: WeRide’s 761% Revenue Surge
- Short Selling - The Pros and Cons
- Will the S&P 500 Rally in December? These 3 Signals Point to a Big Move Ahead
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in VirnetX Right Now?
Before you consider VirnetX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VirnetX wasn't on the list.
While VirnetX currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
