Favorable Media Coverage Somewhat Unlikely to Impact India Fund (IFN) Share Price
Media headlines about India Fund (NYSE:IFN) have trended positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. India Fund earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave media headlines about the investment management company an impact score of 46.2347402564931 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
India Fund (NYSE:IFN) opened at 27.83 on Thursday. India Fund has a 12-month low of $20.39 and a 12-month high of $28.81. The stock has a 50 day moving average price of $28.01 and a 200-day moving average price of $26.25.
In related news, Director Stephane Henry sold 1,007 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $27.32, for a total value of $27,511.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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India Fund Company Profile
The India Fund, Inc (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in the equity securities of Indian companies. The Fund’s portfolio of investments includes financials, consumer staples, information technology, materials, healthcare, consumer discretionary, industrials, telecommunication services and energy.
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