DJ Infosys Ltd. ADR Falls Friday, Underperforms Market
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The Infosys Ltd. ADR $(INFY)$ slipped 2.69% to $17.72 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.14% to 5,234.18 and Dow Jones Industrial Average falling 0.77% to 39,475.90.
This was the ADR's second consecutive day of losses.
Infosys Ltd. ADR closed $3.02 short of its 52-week high ($20.74), which the company achieved on February 6th.
The ADR underperformed when compared to some of its competitors Friday, as Accenture PLC Cl A $(ACN)$ fell 2.18% to $337.50, Oracle Corp. $(ORCL)$ fell 0.95% to $127.79, and HP Inc. $(HPQ)$ fell 0.10% to $30.05.
Trading volume (14.2 M) eclipsed its 50-day average volume of 8.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2024.
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(END) Dow Jones Newswires
March 22, 2024 17:31 ET (21:31 GMT)
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