Today's Research Reports on Trending Tickers: Snap and Yelp
NEW YORK, NY / ACCESSWIRE / December 10, 2018 / U.S. stocks closed in the red on Friday as U.S. jobs report fell short of expectations and uncertainty over the U.S. -China trade talk spur markets lower. The Dow Jones Industrial Average fell 2.24 percent to close at 24,388.95, while the S&P 500 Index decreased 2.33 percent to close at 2,633.08. The Nasdaq Composite Index dropped 3.05 percent to close at 6,969.25. The U.S. Labor Department reported an increase of 155,000 jobs in November, compared to 190,000 increase forecasted economists polled by MarketWatch. For the week, the Dow Jones shed 4.5 percent, while the S&P 500 and Nasdaq declined 4.6 percent and 4.9 percent, respectively.
The Market Edge Initiates Coverage on:
Snap Inc.
https://marketedgereport.com/report/SNAP/
Yelp Inc.
https://marketedgereport.com/report/YELP/
Snap's stock moved 2.85% lower Friday, to close the day at $5.80. The stock recorded a trading volume of 15,265,193 shares, which was below its three months average volume of 24,128,943 shares. In the last year, Snap's shares have traded in a range of 5.75 - 21.22. The share price has gained 0.87% 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 $6.54 is below its 200-day moving average of $10.11. Shares of Snap have fallen roughly 14.58 percent in the past month and are down 60.3 percent year-to-date.
Access The Market Edge's Snap Inc. Research Report:
https://marketedgereport.com/report/SNAP/
On Friday, shares of Yelp recorded a trading volume of 5,730,076 shares, which was above the three months average volume of 2,533,741 shares. The stock ended the day 0.52% higher at $34.59. The share price has fallen 34.11% from its 52 week high with a 52 week trading range of 29.33 - 52.50. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $37.00 is below its 200-day moving average of $41.80. Shares of the company are trading at a Price to Earnings ratio of 18.92. Shares of Yelp have gained roughly 8.33 percent in the past month and are down 17.56 percent year-to-date.
Access The Market Edge's Yelp Inc. Research Report:
https://marketedgereport.com/report/YELP/
Our Actionable Research on Snap Inc. (NYSE:SNAP) and Yelp Inc. (NYSE:YELP) can be downloaded free of charge at The Market Edge.
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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.
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SOURCE: MarketEdgeReport
