Today’s Research Reports on Trending Tickers: Facebook and Twitter
NEW YORK, NY / ACCESSWIRE / April 11, 2018 / U.S. equities regained their footing on Tuesday, as trade tensions between the U.S. and China calmed after comments from the Chinese President Xi Jinping. The Dow Jones Industrial Average gained 1.79 percent to close at 24,408.00, while the S&P 500 Index hiked 1.67 percent to close at 2,656.87. The Nasdaq Composite Index climbed 2.07 percent to close at 7,094.30.
Art Hogan, chief market strategist at B. Riley FBR said “If you look at President Xi's speech, it was conciliatory and that feels like a de-escalation… That's what the market wants.”
RDI Initiates Coverage on:
Facebook, Inc.
https://rdinvesting.com/news/?ticker=FB
Twitter, Inc.
https://rdinvesting.com/news/?ticker=TWTR
Facebook's stock moved 4.50% higher Tuesday, to close the day at $165.04. The stock recorded a trading volume of 55,659,924 shares, which was above its three months average volume of 21,993,430 shares. In the last year, Facebook's shares have traded in a range of 137.60 - 195.32. The share price has gained 19.94% 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 $181.44 is greater than its 200-day moving average of $178.03. Shares of Facebook are trading at a Price to Earnings ratio of 30.62. Shares of Facebook have fallen roughly 10.90 percent in the past month and are down 6.47 percent year-to-date.
Access RDI's Facebook, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FB
On Tuesday, shares of Twitter recorded a trading volume of 28,840,098 shares, which was below the three months average volume of 33,317,460 shares. The stock ended the day 5.43% higher at 29.53. The share price has gained 109.14% from its 52-week low with a 52-week trading range of 14.12 - 36.80. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $32.10 is greater than its 200-day moving average of $24.65. Shares of Twitter have fallen roughly 16.46 percent in the past month and are up 22.99 percent year-to-date.
Access RDI's Twitter, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TWTR
Our Actionable Research on Facebook, Inc. (NASDAQ:FB) and Twitter, Inc. (NYSE:TWTR) can be downloaded free of charge at Research Driven Investing.
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