Infosys Ltd ADR’s recent filing unveils that its Officer INDERPREET SAWHNEY acquired Company’s shares for reported $0.31 million on Aug 19 ’24. In the deal valued at $22.22 per share,14,000 shares were bought.
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Investec downgraded its Infosys Ltd ADR [INFY] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Macquarie’s analysts, who increased its forecast for the stock in mid July from “an Underperform” to “a Neutral”. BofA Securities also remained covering INFY and has increased its forecast on April 09, 2024 with a “Buy” recommendation from previously “Neutral” rating. HSBC Securities revised its rating on April 01, 2024. It rated INFY as “a Buy” which previously was an “a Hold”.
Price Performance Review of INFY
On Tuesday, Infosys Ltd ADR [NYSE:INFY] saw its stock fall -1.36% to $21.77. Over the last five days, the stock has lost -1.76%. Infosys Ltd ADR shares have risen nearly 19.12% since the year began. Nevertheless, the stocks have risen 33.18% over the past one year. While a 52-week high of $23.48 was reached on 08/28/24, a 52-week low of $15.95 was recorded on 04/18/24. SMA at 50 days reached $22.68, while 200 days put it at $19.94.
Levels Of Support And Resistance For INFY Stock
The 24-hour chart illustrates a support level at 21.61, which if violated will result in even more drops to 21.44. On the upside, there is a resistance level at 21.95. A further resistance level may holdings at 22.13. The Relative Strength Index (RSI) on the 14-day chart is 37.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.05%. Stochastics %K at 7.29% indicates the stock is a buying.
How much short interest is there in Infosys Ltd ADR?
A steep rise in short interest was recorded in Infosys Ltd ADR stocks on 2024-10-15, dropping by -7.73 million shares to a total of 67.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 75.16 million shares. There was a decline of -11.46%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 19, 2024 when Guggenheim began covering the stock and recommended ‘”a Neutral”‘ rating along with a $20 price target.
