NEW YORK, NY / ACCESSWIRE / February 13, 2018 / U.S. markets rallied on Monday, after posting its worst weekly decline in two years, as President Trump unveiled details from his long awaited $200 billion infrastructure plan. The Dow Jones Industrial Average spiked 1.70 percent to close at 24,607.27, while the S&P 500 Index jumped 1.39 percent to close at 2,656.00. The Nasdaq Composite Index rose 1.56 percent to close at 6,981.96.
"It usually takes a few weeks to work through the kind of correction we had. With options contracts expiring on Friday and a day off for markets next Monday, as well as important data releases, this will be a volatile week, with a lot of intraday swings," said J.J. Kinahan, chief strategist at TD Ameritrade, according to MarketWatch.
"We are in a period when everything is being re-evaluated. The inflation number will be the first number after a tumultuous week, so people will be paying a lot of attention to it. Though, portfolio strategies should not change just on one data point," Kinahan said.
RDI Initiates Coverage on:
22nd Century Group, Inc.
Exelixis' stock moved 2.98% higher Monday, to close the day at $29.05. The stock recorded a trading volume of 3,056,297 shares, which was above its three months average volume of 2,632,565 shares. In the last year, Exelixis' shares have traded in a range of 18.03 - 32.50. The share price has gained 61.12% 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 $29.97 is greater than its 200-day moving average of $27.31. Shares of Exelixis are trading at a Price to Earnings ratio of 59.29. Shares of Exelixis have fallen roughly 4.38 percent in the past month and are down 4.44 percent year-to-date.
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On Monday, shares in 22nd Century Group recorded a trading volume of 2,830,168 shares, which was below the three months average volume of 4,009,290 shares. The stock ended the day 1.83% lower at 2.68. The share price has gained 208.05% from its 52-week low with a 52-week trading range of 0.87 - 4.44. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $3.26 is greater than its 200-day moving average of $2.63. Shares of 22nd Century Group have fallen roughly 19.76 percent in the past month and are down 4.29 percent year-to-date.
Access RDI's 22nd Century Group, Inc. Research Report at:
Our Actionable Research on Exelixis, Inc. (EXEL) and 22nd Century Group, Inc. (NYSE AMERICAN: XXII) can be downloaded free of charge at Research Driven Investing.
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