Infineon Technologies (OTCMKTS:IFNNF) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Infineon Technologies AG (OTCMKTS:IFNNF) shares 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 traded.

Infineon Technologies Price Performance

The stock’s 50-day moving average price is $33.35 and its 200-day moving average price is $35.70.

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 Infineon Technologies AG (OTCMKTS:IFNNF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,100 shares of the company’s stock, valued at approximately $39,000. 44.76% of the stock is owned by institutional investors and hedge funds.

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.