Wipro Limited (WIT) : During the past 4 weeks, traders have been relatively bearish on Wipro Limited (WIT), hence the stock is down -6.04% 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 -0.78% relative to the S&P 500. The 4-week change in the price of the stock is -6.54% and the stock has fallen -0.61% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.02% and the 50-Day Moving Average is 8.45%.The 200 Day SMA reached 16.05%
Wipro Limited (NYSE:WIT): The stock opened in the green at $9.86 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $9.88 and a low of $9.7 for the day. The stock did not find buyers even at the lows and closed at $9.71 recording a loss of -0.72%. 1,041,172 shares exchanged hands during the trading day. The stock had closed at $9.71 in the previous days trading.
Wipro Limited (WIT) stock is expected to deviate a maximum of $2.47 from the average target price of $10.25 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $12 and the most muted being $9.
Wipro Limited (Wipro) is a global information technology (IT) services provider. The Company operates through two segments: IT Services and IT Products. The Companys IT Services business provides a range of IT and IT-enabled services, which include IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, business process services, research and development and hardware and software design to the enterprises worldwide. The IT Products segment provides a range of third-party IT products, which allows it to offer IT system integration services. These products include computing, storage, networking, security and software products, including databases and operating systems. The Companys development centers are located around the world, including in India, the United States, Europe, Australia, the Philippines and China.