NEW YORK, NY / ACCESSWIRE / March 20, 2018 / The S&P 500 and the Nasdaq posted their worst daily loss since February 8th on Monday as a sharp decline in Facebook shares triggered a selloff in the technology sector. The S&P 500 Index declined 1.42 percent to close at 2,712.92, while the tech-heavy Nasdaq Composite Index dropped 1.84 percent to close at 7,344.24. The Dow Jones Industrial Average fell 1.35 percent to close at 24,610.91.
"Everyone knows that tech fundamentals are solid, but rumblings like what you are seeing today, that does sort of prompt people to think is this as good as it is going to get or should I take some profits here," said Eric Freedman, chief investment officer for U.S. Bank Wealth Management in Minneapolis, according to Reuters.
RDI Initiates Coverage on:
Universal Display Corp.
LG Display Co, Ltd.
Universal Display's stock fell 12.10% Monday, to close the day at $109.00. The stock recorded a trading volume of 5,440,136 shares, which was above its three months average volume of 1,553,066 shares. In the last year, Universal Display's shares have traded in a range of 79.55 - 209.00. The share price has gained 37.02% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $141.10 is below its 200-day moving average of $154.40. Shares of the company are trading at a Price to Earnings ratio of 50.00. Shares of Universal Display have fallen roughly 29.65 percent in the past month and are down 36.87 percent year-to-date.
Access RDI's Universal Display Corp. Research Report at:
On Monday, shares of LG Display recorded a trading volume of 736,506 shares, which was below the three months average volume of 786,850 shares. The stock ended the day 1.91% lower at 12.82. The stock is currently trading 24.81% below its 52 week high with a 52 week trading range of 12.47 - 17.05. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $13.83 is greater than its 200-day moving average of $13.79. Shares of LG Display are trading at a Price to Earnings ratio of 5.45. Shares of LG Display have fallen roughly 11.53 percent in the past month and are down 6.83 percent year-to-date.
Access RDI's LG Display Co, Ltd. Research Report at:
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