Today's Research Reports on Trending Tickers: Zscaler and Coupa Software
NEW YORK, NY / ACCESSWIRE / September 6, 2018 / Major U.S. equities were mixed on Wednesday with tech stocks posting worst daily drop since July dragging Nasdaq lower. The Dow Jones Industrial Average was up 0.09 percent to close at 25,974.99, while the S&P 500 Index decreased 0.28 percent to close at 2,888.60. The Nasdaq Composite Index dropped 1.19 percent to close at 7,995.17.
“I don’t see any specific catalyst pushing tech lower, and it’s pretty quiet from the perspective of news about these stocks, which makes me think this is a classic sector rotation,” said managing director for trading at Evercore ISI, Douglas DePietro. “These groups have been outperforming, and this could be an example of investors taking profits, particularly since September is a historically turbulent month and a lot of big banks and brokerage houses have been encouraging their clients to lighten up on their tech exposure,” DePietro said.
RDI Initiates Coverage on:
Zscaler, Inc.
https://rdinvesting.com/news/?ticker=ZS
Coupa Software Incorporated
https://rdinvesting.com/news/?ticker=COUP
Zscaler's stock moved 0.43% lower Wednesday, to close the day at $44.07. The stock recorded a trading volume of 2,841,762 shares, which was above its three months average volume of 1,549,101 shares. In the last year, Zscaler's shares have traded in a range of 24.76 - 48.24. The share price has gained 77.99% 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 $40.12 is above its 200-day moving average of $33.93. Shares of Zscaler have gained roughly 18.06 percent in the past month and are up 33.55 percent year-to-date.
Access RDI's Zscaler, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ZS
On Wednesday, shares of Coupa Software recorded a trading volume of 4,528,431 shares, which was above the three months average volume of 857,900 shares. The stock ended the day 6.78% higher at $76.88. The share price has fallen 9.02% from its 52 week high with a 52 week trading range of 30.07 - 84.50. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $66.79 is above its 200-day moving average of $56.08. Shares of Coupa Software have gained roughly 23.8 percent in the past month and are up 146.25 percent year-to-date.
Access RDI's Coupa Software Incorporated Research Report at:
https://rdinvesting.com/news/?ticker=COUP
Our Actionable Research on Zscaler, Inc. (NASDAQ:ZS) and Coupa Software Incorporated (NASDAQ:COUP) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
https://www.accesswire.com/511454/Todays-Research-Reports-on-Trending-Tickers-Zscaler-and-Coupa-Software
