DJ Infosys Ltd. ADR Falls Friday, Underperforms Market
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The Infosys Ltd. ADR $(INFY)$ slid 1.76% to $21.19 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.00% to 5,996.66 and the Dow Jones Industrial Average rising 0.78% to 43,487.83.
This was the ADR's second consecutive day of losses.
Infosys Ltd. ADR closed 10.33% below its 52-week high of $23.63, which the company reached on December 13th.
The ADR underperformed when compared to some of its competitors Friday, as Accenture PLC Cl A $(ACN)$ rose 0.58% to $352.59, Oracle Corp. $(ORCL)$ rose 0.93% to $161.03, and HP Inc. $(HPQ)$ rose 0.49% to $32.51.
Trading volume (13.5 M) eclipsed its 50-day average volume of 7.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 17, 2025.
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January 17, 2025 17:29 ET (22:29 GMT)
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