NEW YORK, NY / ACCESSWIRE / January 5, 2018 / On Thursday, all three major indexes rose for the third consecutive day, with the Dow Jones crossing the 25,000 plateau for the first time ever. The Dow Jones Industrial Average gained 0.61 percent to close at 25,075.13, while the S&P 500 Index increased 0.40 percent to close at 2,723.99. The Nasdaq Composite Index rose 0.18 percent to close at 7,077.91. This marked the first time the S&P 500 and the Nasdaq have closed at record highs for three consecutive trading sessions to begin the new year since 1964 and 1999, respectively.
“Momentum was the single-biggest factor driving prices in 2017, and that remains the case so far this year. Valuations are stretched, no question, based on historical standards, but they're OK relative to bond yields and inflation, which means we're not overly concerned about them at this juncture,” said Michael Mullaney, director of global market research at Boston Partners, according to MarketWatch.
RDI Initiates Coverage on:
Aurinia Pharmaceuticals Inc.
INSYS Therapeutics, Inc.
Aurinia Pharmaceuticals stock jumped 5.42% Thursday, to close the day at $5.25. The stock recorded a trading volume of 1,454,430 shares, which was above its three months average volume of 1,205,658 shares. In the last year, Aurinia Pharmaceuticals shares have traded in a range of 2.11 - 10.54. The share price has gained 148.82% 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 $4.96 is below its 200-day moving average of $5.94. Shares of Aurinia Pharmaceuticals have gained roughly 1.55 percent in the past month and are up 15.89 percent year-to-date.
Access RDI's Aurinia Pharmaceuticals Inc. Research Report at:
On Thursday, shares of INSYS Therapeutics, Inc. recorded a trading volume of 6,904,773 shares, which was above the three months average volume of 1,202,703 shares. The stock ended the day 26.31% lower at 9.86. The share price has gained 140.49% from its 52-week low with a 52-week trading range of 4.10 - 15.02.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $6.52 is below its 200-day moving average of $8.79. Shares of INSYS Therapeutics, Inc. have gained roughly 89.25 percent in the past month and are up 2.49 percent year-to-date.
Access RDI's INSYS Therapeutics, Inc. Research Report at:
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