Today’s Research Reports on Trending Tickers: MGT Capital Investments and Square, Inc.
NEW YORK, NY / ACCESSWIRE / January 29, 2018 / All three major indexes closed the week at record highs Friday as corporate earnings continue to impress investors. The Dow Jones Industrial Average gained 0.85 percent to close at 26,616.71, while the S&P 500 Index jumped 1.18 percent to close at 2,872.87. The Nasdaq Composite Index spiked 1.28 percent to close at 7,505.77. The Dow, Nasdaq and S&P 500 all posted weekly gains of more than 2 percent.
"The beat rates and growth rates are as good as we have measured for these 133 companies in any earnings season over the past five years," said Nick Raich, CEO of The Earnings Scout, in a note, according to CNBC. "Most importantly, 1Q 2018 EPS estimates are rising and that is the first time we have seen aggregate S&P 500 EPS estimates going higher in any earnings season in seven years."
RDI Initiates Coverage on:
MGT Capital Investments Inc.
https://rdinvesting.com/news/?ticker=MGTI
Square, Inc.
https://rdinvesting.com/news/?ticker=SQ
MGT Capital Investments stock fell 11.68% Friday, to close the day at $3.25. The stock recorded a trading volume of 2,802,602 shares, which was above its three months average volume of 2,533,482 shares. In the last year, MGT Capital Investments shares have traded in a range of 0.46 - 8.14. The share price has gained 606.52% 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 $4.42 is greater than its 200-day moving average of $2.66. Shares of MGT Capital Investments have fallen roughly 28.26 percent in the past month and are down 31.72 percent year-to-date.
Access RDI's MGT Capital Investments Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MGTI
On Friday, shares of Square recorded a trading volume of 11,110,108 shares, which was below the three months average volume of 20,002,131 shares. The stock ended the day 1.88% higher at 45.97. The share price has gained 232.15% from its 52 week low with a 52 week trading range of 13.84 - 49.56. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $39.23 is greater than its 200-day moving average of $33.04. Shares of Square have gained roughly 30.86 percent in the past month and are up 32.59 percent year-to-date.
Access RDI's Square, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SQ
Our Actionable Research on MGT Capital Investments Inc. (OTCMKTS:MGTI) and Square, Inc. (NYSE:SQ) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
