VirnetX Holding Co. (VHC) Stock Price Up 3%
VirnetX Holding Co. (NYSE:VHC) shares rose 3% during mid-day trading on Wednesday . The company traded as high as $4.16 and last traded at $4.08, with a volume of 165,928 shares trading hands. The stock had previously closed at $3.96.
The stock’s 50-day moving average price is $4.49 and its 200 day moving average price is $4.55. The firm’s market capitalization is $224.88 million.
A hedge fund recently raised its stake in VirnetX Holding stock. Morgan Stanley increased its stake in shares of VirnetX Holding Co. (NYSE:VHC) by 18.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 816,741 shares of the company’s stock after buying an additional 124,731 shares during the period. Morgan Stanley owned 1.54% of VirnetX Holding worth $2,099,000 at the end of the most recent quarter.
VirnetX Holding Corporation is an Internet security software and technology Company with patented technology for secure communications including 4G 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-based 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.
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