Infosys Ltd. ADR Falls Friday, Underperforms Market

Dow Jones03-23

DJ Infosys Ltd. ADR Falls Friday, Underperforms Market

This article was automatically generated by MarketWatch using technology from Automated Insights.

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.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

March 22, 2024 17:31 ET (21:31 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment