Immersion Corporation (IMMR) Jumps 9.75% on February 15

Equities Staff |

Immersion Corporation (IMMR) was among the biggest gainers on the Russell 2000 for Monday February 15 as the stock popped 9.75% to $7.77, representing a gain of $0.69 per share. Some 310,383 shares traded hands on 2,106 trades, compared with an average daily volume of 224,488 shares out of a total float of 28.28 million. The stock opened at $7.43 and traded with an intraday range of $7.80 to $7.16.

After today's gains, Immersion Corporation reached a market cap of $219.77 million. Immersion Corporation has had a trading range between $14.45 and $6.63 over the last year, and it had a 50-day SMA of $9.90 and a 200-day SMA of $11.58.

The stock has a P/E Ratio of 64.4.

Immersion Corp is a software licensing company. It is engaged in creation, design, development, and licensing of patented haptic innovations and software that allow people to use their sense of touch more fully when operating digital devices.

Immersion Corporation is based out of San Jose, CA and has some 141 employees. Its CEO is Victor Viegas.

For a complete fundamental analysis analysis of Immersion Corporation, check out Equities.com’s Stock Valuation Analysis report for IMMR. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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