Infineon Technologies (OTCMKTS:IFNNF) Shares Pass Below 200 Day Moving Average – What’s Next?

Infineon Technologies AG (OTCMKTS:IFNNF)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.63 and traded as low as $33.10. Infineon Technologies shares last traded at $33.10, with a volume of 406 shares changing hands.

Infineon Technologies Price Performance

The stock’s 50-day simple moving average is $32.83 and its two-hundred day simple moving average is $35.63.

Institutional Inflows and Outflows

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 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,100 shares of the company’s stock, valued at approximately $39,000. Institutional investors and hedge funds own 44.76% of the company’s stock.

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.