Company Shares of Infinera Corporation (NASDAQ:INFN) Rally 1.8%

Infinera Corporation (NASDAQ:INFN) has been under a strong bear grip, hence the stock is down -12.21% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.51% in the past 1 week. The stock has risen by 1.8% in the past week indicating that the buyers are active at lower levels, but the stock is down -10.8% in the past 4 weeks.

The company shares have dropped -44.10% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $25.24 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $12.16 and the 200 Day Moving Average price is recorded at $14.27.

The stock has recorded a 20-day Moving Average of 2.31% and the 50-Day Moving Average is 7.15%.


Infinera Corporation (NASDAQ:INFN): stock turned positive on Friday. Though the stock opened at $10.87, the bulls momentum made the stock top out at $11.35 level for the day. The stock recorded a low of $10.81 and closed the trading day at $11.32, in the green by 5.20%. The total traded volume for the day was 1,781,983. The stock had closed at $10.76 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Infinera Corp, Feller Brad, had purchased 25,000 shares in a transaction dated on May 3, 2016. The transaction was executed at $11.76 per share with total amount equaling $294,000.

Infinera Corporation is engaged in optical transport networking systems. The Company provides optical transport networking equipment, software and services to Tier 1 and Tier 2 telecommunications service providers, Internet content providers (ICPs), cable operators, wholesale and enterprise carriers, research and education institutions and government entities around the world. The Companys technologies and platforms enable Service Providers to deliver bandwidth. The Company uses its large scale photonic integrated circuits (PICs) to deliver optical networking solutions for the network environments. Its product portfolio consists of the Infinera DTN-X and the Infinera DTN platforms targeted for long-haul and subsea networks and the Cloud Xpress and ATN platforms targeted for metro networks. It also provides software solutions to increase the efficiency and optimization of the network.

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