NEW YORK, NY / ACCESSWIRE / January 9, 2019 / U.S. equities closed up on Tuesday as market participants await details from the recent negotiations in Washington between U.S. and senior Chinese officials. According to Bloomberg, Chinese Vice Premier Liu He, who is considered to be a top adviser to Chinese President Xi Jinping, was in attendance. Dow Jones Industrial Average gained 1.09 percent to settle at 23,787.45, while S&P 500 increased 0.97 percent to close at 2,574.41. Nasdaq jumped 1.08 percent to close at 6,897.00.
According to the strategists at MRB Partners, "The U.S.-China power struggle will persist for years, but both economies are now slowing and neither government has the latitude to pursue policies that could threaten to trigger a global recession. The Argentina handshake will morph into a near-term truce."
The Market Edge Initiates Coverage on:
VirnetX Holding Corp.
CyberArk Software Ltd.
VirnetX Holding’s stock jumped 65.33% Tuesday, to close the day at $4.53. The stock recorded a trading volume of 7,378,864 shares, which was above its three months average volume of 293,761 shares. In the last year, VirnetX Holding’s shares have traded in a range of 2.10 - 5.10. The share price has gained 115.71% 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 $2.93 is below its 200-day moving average of $3.37. Shares of VirnetX Holding have gained roughly 39.81 percent in the past month and are up 82.66 percent year-to-date.
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On Tuesday, shares of CyberArk Software recorded a trading volume of 924,308 shares, which was above the three months average volume of 612,262 shares. The stock ended the day 6.8% higher at $77.73. The share price has fallen 7.7% from its 52 week high with a 52 week trading range of 41.55 - 84.21. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $71.48 is above its 200-day moving average of $70.51. Shares of the company are trading at a Price to Earnings ratio of 107.81. Shares of CyberArk Software have gained roughly 4.31 percent in the past month and are up 6.09 percent year-to-date.
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The Market Edge
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SOURCE: The Market Edge