Infosys Limited (INFY) : During the past 4 weeks, traders have been relatively bearish on Infosys Limited (INFY), hence the stock is down -4.41% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.46% relative to the S&P 500. The 4-week change in the price of the stock is -4.04% and the stock has fallen -1.49% in the past 1 week.
Infosys Limited has dropped 12.93% during the last 3-month period . Year-to-Date the stock performance stands at -4.04%. The stock has recorded a 20-day Moving Average of 2.76% and the 50-Day Moving Average is 7.87%.
Infosys Limited (NYSE:INFY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.77 and $15.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.90, notching a gain of 0.13% for the day. The total traded volume was 3,003,835 . The stock had closed at $15.88 on the previous day.
Also, HSBC downgrades their rating on the shares of Infosys Limited (NYSE:INFY). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 9, 2016.
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Companys solutions include application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; Management Consulting, enterprise solutions and package implementation, systems integration and business intelligence; Products, business platforms and solutions, and technologies, such as cloud computing, enterprise mobility, digital, big data and analytics. Its segments are Financial Services and Insurance, Manufacturing, Energy and utilities, Communication and Services, Retail, Consumer packaged goods and Logistics, Life Sciences and Healthcare, and Growth Markets.