The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Infosys Ltd ADR shares valued at $311,087 were purchased by INDERPREET SAWHNEY on Aug 19 ’24. At $22.22 per share, INDERPREET SAWHNEY acquired 14,000 shares.
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As published in a research note from Investec on October 03, 2024, Infosys Ltd ADR [INFY] has been rated down from a Hold to a Sell. Analysts at Macquarie upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of April 09, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for INFY. Earlier on April 01, 2024, HSBC Securities upgraded its rating. Their new recommendation was “a Buy” for INFY stock which previously was a “a Hold”.
Analyzing INFY Stock Performance
During the last five days, there has been a surge of approximately 0.79%. Over the course of the year, Infosys Ltd ADR shares have jumped approximately 19.39%. Shares of the company reached a 52-week high of $23.48 on 08/28/24 and a 52-week low of $16.04 on 04/18/24. A 50-day SMA is recorded $22.36, while a 200-day SMA reached $20.04. Nevertheless, trading volume fell to 6.17 million shares from 3.85 million shares the previous day.
Support And Resistance Levels for Infosys Ltd ADR (INFY)
According to the 24-hour chart, there is a support level at 21.74, which, if violated, would cause prices to drop to 21.67. In the upper region, resistance lies at 21.96. The next price resistance is at 22.11. RSI (Relative Strength Index) is 48.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.48, which suggests the price will decrease in the coming days. Percent R is at 25.48%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
