Shares of Infosys Limited (INFY) Sees Large Inflow of Net Money Flow

Infosys Limited (INFY) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $0.61 million worth of transactions were on upticks, whereas, the downticks accounted for $0.17 million worth of transactions. The net money flow was a positive $0.44 million and the uptick to downtick ratio was 3.59. The net money flow into the stock was $0.29 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.29 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Infosys Limited (INFY) was trading at $15.82, down $0.09 during day. The stock slid -0.57% over the previous days close. For the week, the stock recorded -0.88% over the previous weeks close.

Infosys

Infosys Limited has dropped 1.49% in the last five trading days, however, the shares have posted positive gains of 0.89% in the last 4 weeks. Infosys Limited has dropped 10.63% during the last 3-month period . Year-to-Date the stock performance stands at -4.1%.

Infosys Limited (INFY) : Zacks Investment Research ranks Infosys Limited (INFY) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.67, which indicates as a Hold.

Infosys Limited (NYSE:INFY): stock was range-bound between the intraday low of $15.77 and the intraday high of $15.97 after having opened at $15.92 on Wednesdays session. The stock finally closed in the red at $15.92, a loss of -0.13%. The stock remained in the red for the whole trading day. The total traded volume was 5,420,481 shares. The stock failed to cross $15.97 in Wednesdays trading. The stocks closing price on Thursday was $15.91.

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Companys solutions include application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; Management Consulting, enterprise solutions and package implementation, systems integration and business intelligence; Products, business platforms and solutions, and technologies, such as cloud computing, enterprise mobility, digital, big data and analytics. Its segments are Financial Services and Insurance, Manufacturing, Energy and utilities, Communication and Services, Retail, Consumer packaged goods and Logistics, Life Sciences and Healthcare, and Growth Markets.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.