The Huawei announcement and an Iphone 6 speculation have been the main drivers of a 30% stock increase in the last few trading sessions
After languishing in the $10 to $11 range for several weeks, Immersion Corporation (NASDAQ:IMMR) stock has recently rallied to the $14 level.
(click to enlarge)
Chart from Google finance
In our last few articles covering the company, we had speculated that the main reason for the stock weakness was probably to be found in a key fund exiting its position, and that the company's long term prospects were intact, with a few catalysts in sight.
Dialectic Capital Management, a key shareholder, which was also instrumental in Immersion's turnaround, had been selling shares and depressing...
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