NEW YORK, NY / ACCESSWIRE / December 6, 2018 / U.S. markets fell in Tuesday amidst trade related uncertainty between the U.S. and China. The Dow Jones Industrial Average fell 3.10 percent to close at 25,027.07, while the S&P 500 Index decreased 3.24 percent to close at 2,700.06. The Nasdaq Composite Index dropped 3.8 percent to close at 7,158.43.
B. Riley FBR's chief market strategist, Art Hogan said, "Unfortunately until we get new news the market continues to be a caldron of concerns causing caution with investors."
"With the combination of he said Xi said on China trade, a fear of an economic slowdown in 2019, and the slow trickle of Mueller investigation reports coming out, it is not at all surprising to see a buyer's strike in the after hours market," he said.
The Market Edge Initiates Coverage on:
Conatus Pharmaceuticals Inc.
Conatus Pharmaceuticals’ stock moved 3.23% lower Tuesday, to close the day at $4.50. The stock recorded a trading volume of 594,924 shares, which was below its three months average volume of 670,742 shares. In the last year, Conatus Pharmaceuticals’ shares have traded in a range of 3.22 - 7.95. The share price has gained 39.75% 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 $4.69 is above its 200-day moving average of $4.64. Shares of Conatus Pharmaceuticals have fallen roughly 13.96 percent in the past month and are down 2.6 percent year-to-date.
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On Tuesday, shares of Exelixis recorded a trading volume of 5,399,198 shares, which was above the three months average volume of 4,005,781 shares. The stock ended the day 4.37% lower at $20.56. The share price has fallen 36.15% from its 52 week high with a 52 week trading range of 13.42 - 32.20. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $17.01 is below its 200-day moving average of $18.84. Shares of the company are trading at a Price to Earnings ratio of 17.53. Shares of Exelixis have gained roughly 15.44 percent in the past month and are down 32.37 percent year-to-date.
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