Infineon Technologies (OTCMKTS:IFNNF) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Infineon Technologies AG (OTCMKTS:IFNNF) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.32 and traded as low as $32.03. Infineon Technologies shares last traded at $32.50, with a volume of 987 shares changing hands.

Infineon Technologies Trading Down 1.1 %

The stock has a fifty day moving average of $32.59 and a 200 day moving average of $34.32.

Hedge Funds Weigh In On Infineon Technologies

A hedge fund recently bought a new stake in Infineon Technologies stock. Eagle Bay Advisors LLC bought a new stake in Infineon Technologies AG (OTCMKTS:IFNNF) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,100 shares of the company’s stock, valued at approximately $39,000. 44.76% of the stock is currently owned by institutional investors and hedge funds.

Infineon Technologies Company Profile

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.