NEW YORK, NY / ACCESSWIRE / November 17, 2017 / U.S. markets rallied back from the recent two-day slump on Thursday on the strength of corporate earnings from Cisco and Wal-Mart. The Dow Jones Industrial Average gained 0.80 percent to close at 23,458.36, while the S&P 500 Index rose 0.82 percent to close at 2,585.64. The Nasdaq Composite Index spiked 1.30 percent to close at 6,793.29.
"Traders are trying to figure out whether today's positive move is just a bounce back or the beginning of the next upward move. US equities have enjoyed a very bullish run lately, so a pullback would not be a surprise," said David Madden, market analyst at CMC Markets, in a note, according to MarketWatch.
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Egalet Corporation's stock jumped 38.55% Thursday, to close the day at $1.15. The stock recorded a trading volume of 11,271,486 shares, which was above its three months average volume of 458,380 shares. In the last year, Egalet Corporation's shares have traded in a range of 0.80 - 10.00. The share price has gained 43.75% 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 $1.11 is below its 200-day moving average of $1.78. Shares of Egalet Corporation have gained roughly 10.58 percent in the past month and are down 84.97 percent year-to-date.
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On Thursday, shares in Intrexon Corporation recorded a trading volume of 2,971,409 shares, which was above the three months average volume of 1,193,515 shares. The stock ended the day 7.67% higher at 13.62. The share price has gained 32.75% from its 52-week low with a 52-week trading range of 10.26 - 31.85.The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $17.10 is below its 200-day moving average of $20.41. Shares of Intrexon Corporation have fallen roughly 24.08 percent in the past month and are down 43.95 percent year-to-date.
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