VirnetX (NYSE:VHC) Stock Price Crosses Above Two Hundred Day Moving Average of $5.89

VirnetX Holding Co. (NYSE:VHC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.89 and traded as high as $6.34. VirnetX shares last traded at $5.46, with a volume of 5,307 shares changing hands.

VirnetX Stock Up 11.7 %

The business’s 50 day moving average is $4.83 and its 200-day moving average is $5.89.

VirnetX (NYSE:VHC) last announced its earnings results on Wednesday, May 15th. The technology company reported ($1.19) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Forum Financial Management LP bought a new position in VirnetX in the fourth quarter valued at approximately $126,000. Cannell & Co. acquired a new position in VirnetX during the fourth quarter worth $201,000. Finally, Williams Jones Wealth Management LLC. increased its holdings in VirnetX by 312.3% during the first quarter. Williams Jones Wealth Management LLC. now owns 58,916 shares of the technology company’s stock worth $373,000 after buying an additional 44,625 shares during the last quarter. Institutional investors own 10.37% of the company’s stock.

About VirnetX

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.