Infineon Technologies (OTCMKTS:IFNNF) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Infineon Technologies AG (OTCMKTS:IFNNF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $33.80 and traded as low as $33.21. Infineon Technologies shares last traded at $33.21, with a volume of 982 shares trading hands.

Infineon Technologies Price Performance

The company’s 50-day simple moving average is $32.58 and its 200 day simple moving average is $33.80.

Institutional Trading of Infineon Technologies

An institutional investor recently bought a new position in Infineon Technologies stock. Eagle Bay Advisors LLC purchased a new stake in shares of Infineon Technologies AG (OTCMKTS:IFNNF) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,100 shares of the company’s stock, valued at approximately $39,000. 44.76% of the stock is currently owned by hedge funds and other institutional investors.

About Infineon Technologies

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.