Today's Research Reports on Trending Tickers: Stamps.com and Zscaler
NEW YORK, NY / ACCESSWIRE / October 12, 2018 / U.S. equities remained bearish on Thursday as worries over rising interest rate and sell-off in technology shares pressure major markets to lower. The Dow Jones Industrial Average declined 2.13 percent to close at 25,052.83, losing 1,378 points in 2 days. S&P 500 Index decreased 2.06 percent to close at 2,728.37 and the Nasdaq Composite Index closed down 1.25 percent to close at 7,329.06. All major indexes finished below their 200-day moving average.
The market losses are “a reaction from investors finally realizing we are in a higher interest-rate environment, and given the elevated level of stocks, market participants were likely looking for a reason to sell,” said Charlie Ripley, senior investment strategist for Allianz Investment Management. “Higher interest rates typically bring on tighter financial conditions which could dampen growth going forward and equity markets are reacting to that.” He added, “we are witnessing the repercussions in the markets as the Fed takes the punch bowl away from the party.”
RDI Initiates Coverage on:
Stamps.com Inc.
https://rdinvesting.com/news/?ticker=STMP
Zscaler, Inc.
https://rdinvesting.com/news/?ticker=ZS
Stamps.com's stock jumped 5.87% Thursday, to close the day at $214.64. The stock recorded a trading volume of 882,250 shares, which was above its three months average volume of 303,121 shares. In the last year, Stamps.com's shares have traded in a range of 160.00 - 285.75. The share price has gained 34.15% 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 $230.65 is below its 200-day moving average of $242.35. Shares of the company are trading at a Price to Earnings ratio of 22.39. Shares of Stamps.com have fallen roughly 10.19 percent in the past month and are up 14.17 percent year-to-date.
Access RDI's Stamps.com Inc. Research Report at:
https://rdinvesting.com/news/?ticker=STMP
On Thursday, shares of Zscaler recorded a trading volume of 1,982,489 shares, which was above the three months average volume of 1,459,952 shares. The stock ended the day 3.01% higher at $34.55. The share price has fallen 28.38% from its 52 week high with a 52 week trading range of 24.76 - 48.24. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $41.44 is above its 200-day moving average of $35.29. Shares of Zscaler have fallen roughly 19.56 percent in the past month and are up 4.70 percent year-to-date.
Access RDI's Zscaler, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ZS
Our Actionable Research on Stamps.com Inc. (NASDAQ:STMP) and Zscaler, Inc. (NASDAQ:ZS) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDinvesting.com
