Infosys Limited Stock (INFY) Jolt: NYSE ADR Spike Triggers Halts; Company Says No Material Event
Infosys ADRs spiked over 50% to nearly $30 in early NYSE trading on Dec. 19 before closing around $20, prompting two volatility halts. Infosys said in a Dec. 20 filing there were no undisclosed material events behind the move. Shares in India rose less than 1%, showing no similar volatility.