Infineon Technologies (OTCMKTS:IFNNF) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Infineon Technologies AG (OTCMKTS:IFNNF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.50 and traded as low as $30.30. Infineon Technologies shares last traded at $30.30, with a volume of 600 shares changing hands.

Infineon Technologies Price Performance

The company has a fifty day simple moving average of $32.56 and a two-hundred day simple moving average of $35.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Infineon Technologies stock. Eagle Bay Advisors LLC acquired a new position in shares of Infineon Technologies AG (OTCMKTS:IFNNF) in the third quarter, according to 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 and hedge funds 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.