Today’s Research Reports on Trending Tickers: Alibaba and Momo
NEW YORK, NY / ACCESSWIRE / April 9, 2018 / U.S. equities experienced weekly losses last week as rising concerns over a potential trade war continued to pressure markets lower on Friday. The Dow Jones Industrial Average plunged 2.34 percent to close at 23,932.76, while the S&P 500 Index fell 2.19 percent to close at 2,604.47. The Nasdaq Composite Index declined 2.28 percent to close at 6,915.11.
"Today's market reaction is a reflection of investor fears that the trade rhetoric will get a lot tougher before any negotiations between U.S. and China get going," said Ryan Larson, head of equity trading at RBC Global Asset Management.
RDI Initiates Coverage on:
Alibaba Group Holding Ltd.
https://rdinvesting.com/news/?ticker=BABA
Momo Inc.
https://rdinvesting.com/news/?ticker=MOMO
Alibaba Group Holding's stock moved 2.93% lower Friday, to close the day at $167.52. The stock recorded a trading volume of 18,209,969 shares, which was below its three months average volume of 20,719,680 shares. In the last year, Alibaba Group Holding's shares have traded in a range of 108.84 - 206.20. The share price has gained 53.91% 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 $186.99 is greater than its 200-day moving average of $182.75. Shares of the company are trading at a Price to Earnings ratio of 41.20. Shares of Alibaba Group Holding have fallen roughly 11.40 percent in the past month and are down 2.85 percent year-to-date.
Access RDI's Alibaba Group Holding Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=BABA
On Friday, shares of Momo recorded a trading volume of 2,074,658 shares, which was below the three months average volume of 5,715,729 shares. The stock ended the day 1.81% lower at 36.40. The share price has gained 61.85% from its 52 week low with a 52 week trading range of 22.49 - 46.69. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $35.91 is greater than its 200-day moving average of $30.68. Shares of Momo are trading at a Price to Earnings ratio of 23.64. Shares of Momo are down roughly 1.68 percent in the past month and are up 48.69 percent year-to-date.
Access RDI's Momo Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MOMO
Our Actionable Research on Alibaba Group Holding Ltd. (NYSE :BABA) and Momo Inc. (NASDAQ :MOMO) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
