Shares of Infinera Corporation (INFN) Rally 6.89%

Infinera Corporation (INFN) has been under a strong bear grip, hence the stock is down -4.58% 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 5.32% in the past 1 week. The stock has risen by 6.89% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.41% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 6.73% and the 50-Day Moving Average is 0.03%.

Infinera Corporation (NASDAQ:INFN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.12 and $11.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.10, notching a gain of 2.20% for the day. The total traded volume was 2,791,200 . The stock had closed at $11.84 on the previous day.


The company Insiders own 2.9% of Infinera Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 40.57% . Institutional Investors own 74.07% of Infinera Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 40.57%. In a related news, Feller Brad, CFO of Infinera Corp, executed a transaction worth $294,000 on May 3, 2016. A total of 25,000 shares were purchased at an average price of $11.76. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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