Infineon Technologies (OTCMKTS:IFNNF) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Infineon Technologies AG (OTCMKTS:IFNNF) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $33.35 and traded as low as $31.36. Infineon Technologies shares last traded at $31.36, with a volume of 808 shares changing hands.

Infineon Technologies Trading Down 0.8 %

The company has a 50-day moving average of $33.35 and a 200-day moving average of $35.70.

Hedge Funds Weigh In On Infineon Technologies

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

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.