Benzinga | Nov 2, 2020 09:51AM EST

Why VirnetX's Stock Is Trading Lower Today

VirnetX (NYSE:VHC) shares are trading lower on Monday after Apple Inc. (NASDAQ:AAPL) was ordered to pay the company $502.8 million as the result of patent claims by VirnetX.

VirnetX Holding Corp is engaged in the business of commercializing a portfolio of patents. It's an Internet security software and technology company with patented technology for secure communications including 4G LTE security.

VirnetX shares were trading down 5.97% at $5.20 on Monday at the time of publication. The stock has a 52-week high of $7.79 and a 52-week low of $2.85.