NEW YORK, NY / ACCESSWIRE / April 12, 2018 / U.S. markets fell sharply on Wednesday on growing geopolitical tensions. On Wednesday President Trump tweeted, "Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will be coming, nice and new and 'smart!' You shouldn't be partners with a Gas Killing Animal who kills his people and enjoys it!" The Dow Jones Industrial Average declined 0.90 percent to close at 24,189.45, while the S&P 500 Index fell 0.55 percent to close at 2,642.19. The Nasdaq Composite Index declined 0.36 percent to close at 7,069.03.
"Volatility does not seem to be slowing down—in either direction—regardless of solid economic numbers," said Mike Loewengart, vice president of investment strategy at E*Trade, according to MarketWatch. "There are much bigger issues at stake—namely escalating tensions with Russia and China."
RDI Initiates Coverage on:
Applied Optoelectronics, Inc.
Universal Display Corp.
Applied Optoelectronics' stock jumped 14.51% Wednesday, to close the day at $29.12. The stock recorded a trading volume of 3,329,573 shares, which was above its three months average volume of 1,404,418 shares. In the last year, Applied Optoelectronics' shares have traded in a range of 22.54 - 103.41. The share price has gained 29.19% 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 $26.96 is below its 200-day moving average of $37.98. Shares of the company are trading at a Price to Earnings ratio of 7.93. Shares of Applied Optoelectronics have gained roughly 1.46 percent in the past month and are down 23 percent year-to-date.
Access RDI's Applied Optoelectronics, Inc. Research Report at:
On Wednesday, shares of Universal Display recorded a trading volume of 826,500 shares, which was below the three months average volume of 1,764,598 shares. The stock ended the day 0.69% lower at 100.15. The share price has gained 23.95% from its 52 week low with a 52 week trading range of 80.80 - 209.00. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $118.81 is below its 200-day moving average of $151.06. Shares of Universal Display are trading at a Price to Earnings ratio of 45.94. Shares of Universal Display have fallen roughly 24.16 percent in the past month and are down 41.99 percent year-to-date.
Access RDI's Universal Display Corp. Research Report at:
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