NEW YORK, NY / ACCESSWIRE / November 13, 2018 / U.S. stocks closed down on Monday as oil prices continued to slide, raising concerns amongst investors. The Dow Jones Industrial Average plunged 2.32 percent to close at 25,387.18, while the S&P 500 Index shed 1.97 percent to close at 2,726.22. The Nasdaq Composite Index dropped 2.78 percent to close at 7,200.87.
According to Craig Callahan, Icon Advisors’ president and founder, the oil’s bear market
“These firms have hedged the price of oil, and projections for 2019 [earnings-per-share] growth are 25% for the sector,” compared to S&P 500’s growth of 9%, Callahan added.
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Yelp's stock jumped 6.7% Monday, to close the day at $34.07. The stock recorded a trading volume of 10,410,234 shares, which was above its three months average volume of 2,113,270 shares. In the last year, Yelp's shares have traded in a range of 30.88 - 52.50. The share price has gained 10.33% 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 $44.23 is above its 200-day moving average of $43.45. Shares of the company are trading at a Price to Earnings ratio of 18.64. Shares of Yelp have fallen roughly 20.36 percent in the past month and are down 18.8 percent year-to-date.
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On Monday, shares of YY recorded a trading volume of 1,934,469 shares, which was above the three months average volume of 1,424,106 shares. The stock ended the day 5.65% lower at $61.07. The share price has fallen 57.28% from its 52
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