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

Shares of Infineon Technologies AG (OTCMKTS:IFNNF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $33.97 and traded as low as $32.90. Infineon Technologies shares last traded at $32.90, with a volume of 188 shares.

Infineon Technologies Stock Performance

The business’s fifty day moving average price is $32.56 and its two-hundred day moving average price is $33.96.

Institutional Investors 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) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,100 shares of the company’s stock, valued at approximately $39,000. Institutional investors own 44.76% of the company’s stock.

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.