VirnetX Holding Co. (VHC) Trading 1.6% Higher
VirnetX Holding Co. (NYSE:VHC) traded up 1.6% during trading on Wednesday . The company traded as high as $3.95 and last traded at $3.84, with a volume of 708,738 shares changing hands. The stock had previously closed at $3.78.
The company’s 50 day moving average price is $4.68 and its 200-day moving average price is $4.47. The company’s market capitalization is $214.86 million.
A hedge fund recently raised its stake in VirnetX Holding stock. Morgan Stanley increased its stake in VirnetX Holding Co. (NYSE:VHC) by 18.0% during the fourth quarter, Holdings Channel reports. The fund 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 reporting period.
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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