Overall market sentiment has been high on Infosys Ltd ADR (INFY) stock lately. INFY receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With INFY Stock Today?
Infosys Ltd ADR (INFY) stock is trading at $19.42 as of 12:49 PM on Tuesday, Jun 8, a gain of $0.02, or 0.08% from the previous closing price of $19.40. Volume today is less active than usual. So far 3,858,149 shares have traded compared to average volume of 5,644,042 shares. The stock has traded between $19.40 and $19.65 so far today.
To see InvestorsObserver's Sentiment Score for Infosys Ltd ADR click here.
More About Infosys Ltd ADR
Infosys is a leading global IT services provider, with nearly 250,000 employees. Based in Bangalore, the Indian IT services firm leverages its offshore outsourcing model to derive 60% of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services and cloud infrastructure services, and business process outsourcing as a service (BPaaS).
Click Here to get the full Stock Score Report on Infosys Ltd ADR (INFY) Stock.
