Infineon Technologies (OTCMKTS:IFNNF) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Infineon Technologies AG (OTCMKTS:IFNNF) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $33.80 and traded as low as $33.21. Infineon Technologies shares last traded at $33.21, with a volume of 982 shares traded.

Infineon Technologies Stock Down 4.7 %

The company has a 50-day simple moving average of $32.58 and a two-hundred day simple moving average of $33.80.

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 shares of Infineon Technologies AG (OTCMKTS:IFNNF) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,100 shares of the company’s stock, valued at approximately $39,000. Hedge funds and other 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.