Why VirnetX Holding Corp. Shares Jumped 63% Higher Today
Shares of VirnetX Holding (NYSEMKT: VHC) soared in Monday morning's trading session. Stock prices for the secure communications technologist jumped as much as 62.8% higher just before noon EDT, based on a fresh court document from the company's long-running patent infringement suit against Apple (NASDAQ: AAPL).
Late last Friday night, a popular market watcher known as TradeHawk tweeted a link to a final judgment order from the VirnetX-versus-Apple case at the district court level in the East Texas judicial district. Further investigation shows that the case has indeed been closed with all remaining motions denied as moot, accompanied by an order to seal the final verdict until Apple and VirnetX have agreed on how to redact the judgment for public disclosure. The final document will be available no later than October 13.
Image source: Getty Images.
Source: Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 106 Buy predictions and 8 Sell predictions.
With a target price of 208 € there is a slightly positive potential of 2.79% for Apple Inc. compared to the current price of 202.35 €.
