Immersion Corp’s recent filing unveils that its President and CEO Singer Eric acquired Company’s shares for reported $0.44 million on Aug 27 ’24. In the deal valued at $8.77 per share,50,000 shares were bought. As a result of this transaction, Singer Eric now holds 1,912,867 shares worth roughly $17.22 million.
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Then, Wasch Childress Frederick bought 1,155 shares, generating $10,020 in total proceeds. Upon buying the shares at $8.68, the Director now owns 66,098 shares.
Before that, MARTIN WILLIAM C bought 15,000 shares. Immersion Corp shares valued at $132,124 were divested by the Chief Strategy Officer at a price of $8.81 per share. As a result of the transaction, MARTIN WILLIAM C now holds 1,364,265 shares, worth roughly $12.28 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 Monday, Immersion Corp [NASDAQ:IMMR] saw its stock jump 4.05% to $9.00. Over the last five days, the stock has gained 1.01%. Immersion Corp shares have risen nearly 27.48% since the year began. Nevertheless, the stocks have risen 35.75% over the past one year. While a 52-week high of $13.94 was reached on 07/29/24, a 52-week low of $6.45 was recorded on 03/07/24. SMA at 50 days reached $8.64, while 200 days put it at $8.98.
Levels Of Support And Resistance For IMMR Stock
The 24-hour chart illustrates a support level at 8.76, which if violated will result in even more drops to 8.52. On the upside, there is a resistance level at 9.24. A further resistance level may holdings at 9.47. The Relative Strength Index (RSI) on the 14-day chart is 55.27, 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 30.97%. Stochastics %K at 58.41% indicates the stock is a holding.
How much short interest is there in Immersion Corp?
A steep rise in short interest was recorded in Immersion Corp stocks on 2024-11-15, dropping by -0.23 million shares to a total of 3.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.65 million shares. There was a decline of -6.84%, which implies that there is a negative sentiment for the stock.
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.
