VirnetX (VHC) Sees Strong Trading Volume

VirnetX Holding Co. (NYSEAMERICAN:VHC) shares saw unusually-high trading volume on Monday . Approximately 808,455 shares were traded during trading, an increase of 141% from the previous session’s volume of 335,191 shares.The stock last traded at $3.85 and had previously closed at $3.75.

The stock has a market cap of $220.64, a price-to-earnings ratio of -12.03 and a beta of 0.90.

Large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of VirnetX by 1.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 27,345 shares of the technology company’s stock worth $124,000 after purchasing an additional 340 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of VirnetX by 107.0% during the second quarter. Alliancebernstein L.P. now owns 29,400 shares of the technology company’s stock worth $134,000 after purchasing an additional 15,200 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of VirnetX by 19.2% during the second quarter. Voya Investment Management LLC now owns 31,232 shares of the technology company’s stock worth $142,000 after purchasing an additional 5,032 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of VirnetX by 68.0% during the second quarter. The Manufacturers Life Insurance Company now owns 43,482 shares of the technology company’s stock worth $198,000 after purchasing an additional 17,600 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of VirnetX by 1.5% during the second quarter. Wells Fargo & Company MN now owns 47,612 shares of the technology company’s stock worth $216,000 after purchasing an additional 700 shares during the last quarter.

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About VirnetX

VirnetX Holding Corporation is an Internet security software and technology Company with a technology for secure communications, including fourth-generation (4G) long term evolution (LTE) security. The Company’s software and technology solutions, including its secure domain name registry and GABRIEL Connection Technology, facilitate secure communications and provide the security platform required by Internet-based applications, such as instant messaging, voice over Internet protocol, mobile services, streaming video, file transfer, remote desktop and machine-to-machine (M2M) communications.

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