Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Infosys Ltd ADR shares valued at $47,227 were purchased by INDERPREET SAWHNEY on Dec 02 ’24. At $22.11 per share, INDERPREET SAWHNEY acquired 2,136 shares.
Also, INDERPREET SAWHNEY purchased 14,000 shares, netting a total of over 311,087 in proceeds.
As published in a research note from HSBC Securities on December 09, 2024, Infosys Ltd ADR [INFY] has been rated up from a Hold to a Buy. Analysts at Investec downgraded the stock from ‘”a Hold”‘ to ‘”a Sell”‘ outlook in a report released in early October. As of July 19, 2024, Macquarie has increased its “an Underperform” rating to a “Neutral” for INFY. Earlier on April 09, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for INFY stock which previously was a “a Neutral”.
Analyzing INFY Stock Performance
During the last five days, there has been a surge of approximately 0.18%. Over the course of the year, Infosys Ltd ADR shares have dropped approximately -0.46%. Shares of the company reached a 52-week high of $23.19 on 01/10/25 and a 52-week low of $20.93 on 01/21/25. A 50-day SMA is recorded $22.42, while a 200-day SMA reached $20.85. Nevertheless, trading volume fell to 6.8 million shares from 8.35 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 21.66, which, if violated, would cause prices to drop to 21.49. In the upper region, resistance lies at 22.03. The next price resistance is at 22.23. RSI (Relative Strength Index) is 45.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.20, which suggests the price will decrease in the coming days. Percent R is at 60.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
