NEW YORK, NY / ACCESSWIRE / October 1, 2018 / Major U.S. markets finished flat on Friday. For the third quarter, the S&P 500 Index jumped over 7 percent, its best quarter since 2013, while the Dow Jones spiked over 9 percent. The Nasdaq posted a gain of over 7 percent. The Dow Jones Industrial Average gained 0.07 percent to close at 26,458.31, while the S&P 500 Index closed flat at 2,913.98. The Nasdaq Composite Index climbed 0.05 percent to close at 8,046.35.
According to Ryan Detrick, senior market strategist at LPL Financial, “October is probably one of the more misunderstood months.”
“It is best known for some spectacular crashes, like 1929, 1987 and 2008 — but the reality is it isn’t that bad overall, it is more an extremely volatile month. August and September historically can be weak, and this opens the door for the seasonally bullish fourth quarter, kicking off with October,” he added.
RDI Initiates Coverage on:
Viking Therapeutics, Inc.
Amarin Corporation plc
Viking Therapeutics' stock moved 2.35% lower Friday, to close the day at $17.42. The stock recorded a trading volume of 5,562,666 shares, which was above its three months average volume of 3,528,753 shares. In the last year, Viking Therapeutics' shares have traded in a range of 1.69 - 24.00. The share price has gained 930.77% 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 $13.20 is above its 200-day moving average of $8.88. Shares of Viking Therapeutics have gained roughly 33.28 percent in the past month and are up 329.06 percent year-to-date.
Access RDI's Viking Therapeutics, Inc. Research Report at:
On Friday, shares of Amarin recorded a trading volume of 38,236,697 shares, which was above the three months average volume of 9,270,196 shares. The stock ended the day 17.64% higher at $16.27. The share price has fallen 0.43% from its 52 week high with a 52 week trading range of 2.35 - 16.34. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $4.58 is above its 200-day moving average of $3.41. Shares of Amarin have gained roughly 414.87 percent in the past month and are up 305.74 percent year-to-date.
Access RDI's Amarin Corporation plc Research Report at:
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