Today's Research Reports on Trending Tickers: Alibaba and Carvana
NEW YORK, NY / ACCESSWIRE / September 11, 2018 / U.S. markets were mixed Monday, with the Nasdaq and S&P 500 closing in the green as the technology sector rallied. The Dow Jones Industrial Average declined 0.23 percent to close at 25,857.07, while the S&P 500 Index increased 0.19 percent to close at 2,877.13. The Nasdaq Composite Index gained 0.27 percent to close at 7,924.16.
“We’re still near all-time highs despite last week’s selloff, but the main priority for investors will be to take a look at what all is going on. There’s so much to take in this week — between tariffs, tech, all the economic data that will come out — and with all those moving parts, no single thing can be pulled out as the factor moving markets,” said senior equity options strategist of E-Trade, Mary Ryan.
RDI Initiates Coverage on:
Alibaba Group Holding Ltd.
https://rdinvesting.com/news/?ticker=BABA
Carvana Co.
https://rdinvesting.com/news/?ticker=CVNA
Alibaba's stock moved 3.7% lower Monday, to close the day at $156.36. The stock recorded a trading volume of 39,092,736 shares, which was above its three months average volume of 21,101,836 shares. In the last year, Alibaba's shares have traded in a range of 155.00 - 211.70. The share price has gained 0.88% 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 $177.58 is below its 200-day moving average of $186.87. Shares of the company are trading at a Price to Earnings ratio of 46.44. Shares of Alibaba have fallen roughly 13.14 percent in the past month and are down 9.32 percent year-to-date.
Access RDI's Alibaba Group Holding Limited Research Report at:
https://rdinvesting.com/news/?ticker=BABA
On Monday, shares of Carvana Co. recorded a trading volume of 1,575,145 shares, which was above the three months average volume of 1,101,257 shares. The stock ended the day 11.02% higher at $68.28. The share price has fallen 0.09% from its 52 week high with a 52 week trading range of 12.17 - 68.34. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $53.79 is above its 200-day moving average of $35.80. Shares of Carvana Co. have gained roughly 26.3 percent in the past month and are up 257.11 percent year-to-date.
Access RDI's Carvana Co. Research Report at:
https://rdinvesting.com/news/?ticker=CVNA
Our Actionable Research on Alibaba Group Holding Ltd. (NYSE :BABA) and Carvana Co. (NYSE :CVNA) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
https://www.accesswire.com/511714/Todays-Research-Reports-on-Trending-Tickers-Alibaba-and-Carvana
