NEW YORK, NY / ACCESSWIRE / February 20, 2018 / U.S. markets closed Friday with weekly gains in the range of 4 percent to 5 percent. The Dow Jones Industrial Average gained 0.08 percent to close at 25,219.38, while the S&P 500 increased 0.04 percent to close at 2,732.22. Both, Dow and S&P 500 were up 4.3 percent for the week. The Nasdaq Composite Index dropped 0.23 percent to close at 7,239.47, however posting weekly gains of 5.3 percent. With trading closed on Monday to celebrate President's Day, investors had some time to analyze recent events.
“Events over the past few weeks serve as a salutary reminder of both the dangers of crowded positions and of the power of technical forces when combined with consensual positioning,” said Erin Browne, head of asset allocation at UBS.
RDI Initiates Coverage on:
Texas Instruments Incorporated
VeriSign's stock moved 3.61% higher Friday, to close the day at $120.55. The stock recorded a trading volume of 2,361,321 shares, which was above its three months average volume of 944,440 shares. In the last year, VeriSign's shares have traded in a range of 81.76 - 121.61. The share price has gained 47.44% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $112.85 is greater than its 200-day moving average of $109.06. Shares of the company are trading at a Price to Earnings ratio of 32.76. Shares of VeriSign have gained roughly 5.30 percent in the past month and are up 5.34 percent year-to-date.
Access RDI’s VeriSign, Inc. Research Report at:
On Friday, shares of Texas Instruments recorded a trading volume of 4,910,360 shares, which was below the three months average volume of 5,996,581 shares. The stock ended the day 0.10% lower at 104.47. The share price has gained 37.61% from its 52 week low with a 52 week trading range of 75.92 - 120.75.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $109.02 is greater than its 200-day moving average of $95.93. Shares of the company are trading at a Price to Earnings ratio of 28.97. Shares of Texas Instruments have fallen roughly 10.58 percent in the past month and are up 0.03 percent year-to-date.
Access RDI’s Texas Instruments Incorporated Research Report at:
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