VirnetX Holding Corp (VHC) Plunges 6.23%

VirnetX Holding Corp (VHC) Plunges 6.23%

VirnetX Holding Corp (VHC) had a rough trading day for Friday October 04 as shares tumbled 6.23%, or a loss of $-0.39 per share, to close at $5.87. After opening the day at $6.26, shares of VirnetX Holding Corp traded as high as $6.53 and as low as $5.71. Volume was 1.06 million shares over 5,099 trades, against an average daily volume of n/a shares and a total float of 68.95 million.

As a result of the decline, VirnetX Holding Corp now has a market cap of $404.71 million. In the last year, shares of VirnetX Holding Corp have traded between a range of $8.47 and $2.34, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

VirnetX Holding Corp is engaged in the business of commercializing a portfolio of patents. It is an Internet security software and technology company with patented technology for secure communications including 4G LTE security. The company GABRIEL connection technology, are designed to facilitate secure communications and provide the security platform required by next-generation Internet-based applications such as instant messaging, voice over Internet protocol, mobile services, streaming video, file transfer, remote desktop, and Machine-to-Machine communications. The firm sells their products in various market segments, including, healthcare, finance, and government.

VirnetX Holding Corp is based out of Zephyr Cove, NV and has some 21 employees. Its CEO is Kendall Larsen.

VirnetX Holding Corp is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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