A Director at Immersion Corp is Exercising Options

Yesterday it was reported that a Director at Immersion Corp (IMMR), David Sugishita, exercised options to sell 50,273 IMMR shares at $5.53 a share, for a total transaction value of $481.8K.

This is Sugishita’s first transaction since reporting a Sell transaction on ATML back in November 2014 In addition to David Sugishita, 2 other IMMR executives reported Sell trades in the last month.

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IMMR’s market cap is $284.3M and the company has a P/E ratio of 6.28. Currently, Immersion Corp has an average volume of 186.9K.

In the last 30 days, insiders have sold $481.8K worth of IMMR shares and purchased $146.9K worth of IMMR shares. The insider sentiment on Immersion Corp has been positive according to 20 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

David Sugishita’s trades have generated a 15.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Immersion Corp. engages in the creation, design, development and licensing of patented haptic innovations and software. The firm offers touch sense platform and design services. It focuses on the following target application areas: mobile devices, wearable, consumer, mobile entertainment and other content, console gaming, automotive, medical, and commercial.