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Immersion Corp (IMMR) receives a Buy rating from BWS Financial

Immersion Corp’s filing revealed that its Director Nader Elias unloaded Company’s shares for reported $0.11 million on Mar 13 ’24. In the deal valued at $8.22 per share,13,000 shares were sold. As a result of this transaction, Nader Elias now holds 29,266 shares worth roughly $0.21 million.

Then, TORO 18 HOLDINGS LLC bought 11,281 shares, generating $85,736 in total proceeds. Upon buying the shares at $7.60, the 10% Owner now owns 1,544,147 shares.

Before that, TORO 18 HOLDINGS LLC bought 14,380 shares. Immersion Corp shares valued at $111,169 were divested by the 10% Owner at a price of $7.73 per share. As a result of the transaction, TORO 18 HOLDINGS LLC now holds 1,532,866 shares, worth roughly $11.14 million.

BWS Financial initiated its Immersion Corp [IMMR] rating to a Buy in a research note published on February 06, 2023; the price target was $11. A number of analysts have revised their coverage, including Colliers Securities’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. Colliers Securities also remained covering IMMR and reiterated its “Buy” recommendation on December 29, 2020. Craig Hallum maintained its rating on September 02, 2020. It rated IMMR as “a Buy”.

Price Performance Review of IMMR

On Tuesday, Immersion Corp [NASDAQ:IMMR] saw its stock jump 0.28% to $7.27. Over the last five days, the stock has gained 1.39%. Immersion Corp shares have risen nearly 2.97% since the year began. Nevertheless, the stocks have risen 10.32% over the past one year. While a 52-week high of $8.62 was reached on 03/14/24, a 52-week low of $5.94 was recorded on 03/07/24. SMA at 50 days reached $7.26, while 200 days put it at $6.93. A total of 0.72 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For IMMR Stock

The 24-hour chart illustrates a support level at 7.12, which if violated will result in even more drops to 6.96. On the upside, there is a resistance level at 7.37. A further resistance level may holdings at 7.46. The Relative Strength Index (RSI) on the 14-day chart is 50.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.38%. Stochastics %K at 50.20% indicates the stock is a holding.

The most recent change occurred on March 06, 2020 when Craig Hallum resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $9.

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