Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Immersion Corp shares valued at $438,425 were purchased by Singer Eric on Aug 27 ’24. At $8.77 per share, Singer Eric acquired 50,000 shares. The insider’s holdings grew to 1,912,867 shares worth approximately $16.62 million following the completion of this transaction.
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Also, Wasch Childress Frederick purchased 1,155 shares, netting a total of over 10,020 in proceeds. Following the buying of shares at $8.68 each, the insider now holds 66,098 shares.
Before that, MARTIN WILLIAM C had added 15,000 shares to its account. In a trade valued at $132,124, the Chief Strategy Officer bought Immersion Corp shares for $8.81 each. Upon closing the transaction, the insider’s holdings increased to 15,000 shares, worth approximately $11.86 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 -7.16%. Over the course of the year, Immersion Corp shares have jumped approximately 23.09%. Shares of the company reached a 52-week high of $13.94 on 07/29/24 and a 52-week low of $6.54 on 03/07/24. A 50-day SMA is recorded $10.69, while a 200-day SMA reached $8.32. Nevertheless, trading volume fell to 1.22 million shares from 1.41 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 8.50, which, if violated, would cause prices to drop to 8.31. In the upper region, resistance lies at 8.89. The next price resistance is at 9.08. RSI (Relative Strength Index) is 31.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.05, which suggests the price will decrease in the coming days. Percent R is at 93.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
