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Initiating Free Research Reports on Red Hat and Three Other Application Software Equities

Stock Research Monitor: RNG, SAP, and SHOP

LONDON, UK / ACCESSWIRE / June 28, 2018 / If you want a free Stock Review on RHT sign up now at www.wallstequities.com/registration. On Wednesday, benchmark US indices were in bearish colors as the NASDAQ Composite closed the trading session down 1.54%; the Dow Jones Industrial Average edged 0.68% lower; and the S&P 500 was down 0.86%. US markets made broad based losses with eight out of nine sectors finishing the day in red. Pre-market today, WallStEquities.com reviews these four Application Software stocks: Red Hat Inc. (NYSE: RHT), RingCentral Inc. (NYSE: RNG), SAP SE (NYSE: SAP), and Shopify Inc. (NYSE: SHOP). All you have to do is sign up today for this free limited time offer by clicking the link below.


Red Hat

Raleigh, North Carolina headquartered Red Hat Inc.'s stock finished Wednesday's session 4.13% lower at $132.74. A total volume of 6.03 million shares was traded, which was above its three months average volume of 2.11 million shares. The Company's shares have advanced 38.27% in the last twelve months. The stock is trading below its 50-day moving average by 19.42%. Furthermore, shares of Red Hat, which provides open source software solutions to develop and offer operating system, virtualization, management, middleware, cloud, mobile, and storage technologies to various enterprises worldwide, have a Relative Strength Index (RSI) of 19.41.

On June 22nd, 2018, research firm Monness Crespi & Hardt reiterated its ‘Buy' rating on the Company's stock with a decrease of the target price from $200 a share to $186 a share. Get the full research report on RHT for free by clicking below at:



Shares in Belmont, California headquartered RingCentral Inc. ended at $68.05, down 2.99% from the last trading session. The stock recorded a trading volume of 708,478 shares. The Company's shares have gained 84.92% in the last twelve months. The stock is trading above its 200-day moving average by 19.15%. Moreover, shares of RingCentral, which provides software-as-a-service solutions for business communications and collaboration primarily in the US, have an RSI of 35.57. Gain free access to the research report on RNG at:



Walldorf, Germany headquartered SAP SE's stock ended yesterday's session 0.32% lower at $114.84 with a total trading volume of 510,889 shares. The Company's shares have advanced 10.44% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 0.50% and 3.29%, respectively. Additionally, shares of SAP SE, which operates as an enterprise application software, and analytics and business intelligence company worldwide, have an RSI of 43.01.

On June 01st, 2018, research firm Jefferies initiated a 'Buy' rating on the Company's stock. Signing up today on Wall St. Equities will give you access to the latest report on SAP at:



On Wednesday, shares in Ottawa, Canada headquartered Shopify Inc. recorded a trading volume of 3.18 million shares, which was above their three months average volume of 1.78 million shares. The stock finished the day 6.65% lower at $144.70. The Company's shares have advanced 19.00% in the previous three months and 66.25% over the last twelve months. The stock is trading above its 200-day moving average by 16.92%. Furthermore, shares of Shopify, which provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the US, the UK, Australia, and internationally, have an RSI of 38.64.

On June 19th, 2018, research firm KeyBanc Capital Markets reiterated its ‘Overweight' rating on the Company's stock with an increase of the target price from $170 a share to $182 a share. Register now for today's free coverage on SHOP at:


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