NEW YORK, NY / ACCESSWIRE / April 6, 2018 / U.S. markets ended higher on Thursday for their third straight daily gain as technology stocks recover from a series of shortcomings. The Dow Jones Industrial Average rose to 24,505.22, an increase of 0.99 percent, while the S&P 500 Index gained 0.69 percent to close at 2,662.84, led by a 1.8% gain for energy as crude prices gained, and a 1.9% climb in the materials sector. The Nasdaq Composite Index jumped 0.49 percent to close at 7,076.55. Gains in the Nasdaq were short as weakness in chip makers pressured the overall technology sector.
RDI Initiates Coverage on:
Chesapeake Energy Corp.
Chesapeake Energy's stock jumped 5.84% Thursday, to close the day at $3.08. The stock recorded a trading volume of 29,185,971 shares, which was below its three months average volume of 39,099,401 shares. In the last year, Chesapeake Energy's shares have traded in a range of 2.53 - 6.39. The share price has gained 21.74% 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 $3.01 is below its 200-day moving average of $3.65. Shares of Chesapeake Energy have fallen roughly 1.28 percent in the past month and are down 22.22 percent year-to-date.
Access RDI's Chesapeake Energy Corp. Research Report at:
On Thursday, shares of Cleveland-Cliffs recorded a trading volume of 8,908,806 shares, which was below the three months average volume of 14,293,013 shares. The stock ended the day 5.10% higher at 7.21. The share price has gained 29.68% from its 52-week low with a 52-week trading range of 5.56 - 9.15. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $7.31 is greater than its 200-day moving average of $7.07. Shares of Cleveland-Cliffs are trading at a Price to Earnings ratio of 5.74. Shares of Cleveland-Cliffs have fallen roughly 6.97 percent in the past one month.
Access RDI's Cleveland-Cliffs Inc. Research Report at:
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