Stock Investors Sell Off Shares of VirnetX Holding, Down 2.4%

Published on Mon, 04/01/2013 - 10:23
By Mallory Stone in Market movers, VHC, amex:vhc, market movers, virnetx holding

VirnetX Holding (AMEX:VHC), a company whose shares are moving quickly, is trading 2.4% lower to $18.71. The S&P is currently trading 0.5% lower to 1,561 and the Dow Jones Industrial Average is trading fractionally lower to 14,549.

In the past 52 weeks, shares of VirnetX Holding have traded between a low of $17.98 and a high of $41.93 and are now at $18.71, which is 4% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.6% while the 200-day MA has slid 0.9%.

Virnetx Holding Corporation is developing and commercializing software and technology solutions for securing real-time communications over the Internet.

Potential upside of 247.4% exists for VirnetX Holding, based on a current level of $18.71 and analysts' average consensus price target of $65.00. The stock should run into initial resistance at its 200-day moving average (MA) of $30.76 and subsequent resistance at its 50-day MA of $31.78.

By Mallory Stone
mstone@fnno.com

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