Immersion Corp. (IMMR) Is Up Sharply After Apple Settlement

Immersion Corp. (IMMR) announced Monday morning that it has reached a global settlement with Apple (AAPL) and has also entered into license agreements with the company. The terms of the deal were not disclosed.

Immersion has gapped open sharply higher this morning and is now up 3.05 at $10.39 on strong volume. The stock has jumped to nearly an 11-month high.

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