VirnetX Stock Soars 71% on Major Government Contract – What’s Next for VHC?
VirnetX Holding Corp’s stock surged as much as 71% on Oct. 17 after announcing a General Services Administration contract, reaching a 30-month high near $29 before settling in the low $20s by midday. The deal designates VirnetX as an approved technology provider for U.S. government agencies, expanding federal market access. Market cap rose to about $75 million. CEO Kendall Larsen called the contract a “major step forward.”
