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Taking a look at what insiders are doing to gauge the Immersion Corp (IMMR)’s direction

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Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Immersion Corp shares valued at $52,834 were sold by DODSON J MICHAEL on Jun 13 ’24. At $10.68 per share, DODSON J MICHAEL sold 4,947 shares. The insider’s holdings dropped to 45,053 shares worth approximately $0.46 million following the completion of this transaction.

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Also, Nader Elias sold 13,000 shares, netting a total of over 106,863 in proceeds. Following the sale of shares at $8.22 each, the insider now holds 29,266 shares.

Before that, TORO 18 HOLDINGS LLC had added 11,281 shares to its account. In a trade valued at $85,736, the 10% Owner bought Immersion Corp shares for $7.60 each. Upon closing the transaction, the insider’s holdings increased to 11,281 shares, worth approximately $15.83 million.

As published in their initiating research note from BWS Financial on February 06, 2023, Immersion Corp [IMMR] has been a Buy and the price target has been revised to $11. Analysts at Colliers Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of December 29, 2020, Colliers Securities has reiterated its “Buy” rating for IMMR. Earlier on September 02, 2020, Craig Hallum resumed its rating. Their recommendation was “a Buy” for IMMR stock.

Analyzing IMMR Stock Performance

During the last five days, there has been a drop of approximately -3.39%. Over the course of the year, Immersion Corp shares have jumped approximately 45.18%. Shares of the company reached a 52-week high of $11.04 on 06/18/24 and a 52-week low of $6.54 on 03/07/24. A 50-day SMA is recorded $8.71, while a 200-day SMA reached $7.34. Nevertheless, trading volume fell to 0.74 million shares from 0.7 million shares the previous day.

Support And Resistance Levels for Immersion Corp (IMMR)

According to the 24-hour chart, there is a support level at 9.92, which, if violated, would cause prices to drop to 9.60. In the upper region, resistance lies at 10.65. The next price resistance is at 11.06. RSI (Relative Strength Index) is 59.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 55.63%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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