Shares of Immersion Corporation (NASDAQ: IMMR)
spiked higher Tuesday afternoon on heavy volume after Reuters reported that the U.S. International Trade
Commission began a patent infringement investigation into the import and sale of several portable electronic devices that make use
of haptic technology.
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Shares Spiking Higher Today?
Reuters noted the investigation was based on a complaint that Immersion had filed with the agency. The publication added that
names such as Apple Inc. (NASDAQ: AAPL) and
AT&T Inc. (NYSE: T)'s mobility unit were identified as
respondents.
Shares of Immersion were trading higher by 1.38 percent at $6.63 mid-Tuesday afternoon following the Reuters report.
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