Today's Research Reports on Trending Tickers: Fitbit Inc. and Pandora Media Inc.
NEW YORK, NY / ACCESSWIRE / September 1, 2017 / U.S. markets continued to rise on positive economic data Thursday to close August with a monthly gain. The Dow Jones Industrial Average gained 0.25 percent to close at 21,948.10, up 0.26 percent for the month, while the S&P 500 Index increased 0.57 percent to close at 2,471.65, up 0.05 percent for the month. The NASDAQ Composite Index rose 0.95 percent to close at a record 6,428.66, up 1.27 percent for the month. On Thursday, the Commerce Department reported consumer spending increased by 0.3 percent in July. Additionally, initial jobless claims grew by just 1,000 to 236,000 from August 20th to August 26th.
"In an environment where the economy and earnings continue to grow, markets will also climb. Geopolitics shake up markets from time to time, but usually, do not have long-lasting impact," said Arian Vojdani, investment strategist at MV Financial.
RDI Initiates Coverage on:
Fitbit Inc.
https://rdinvesting.com/news/?ticker=FIT
Pandora Media Inc.
https://rdinvesting.com/news/?ticker=P
Fitbit Inc.'s stock moved 1.01% higher Thursday, to close the day at $6.03. The stock recorded a trading volume of 4,597,480 shares, which was below its three months average volume of 6,551,740 shares. In the last year Fitbit Inc.'s shares have traded in a range of 4.90 - 17.18. The share price has gained 23.06% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $5.59 is below its 200-day moving average of $5.62. Shares of Fitbit Inc. have fallen approximately 17.62 percent year-to-date.
Access RDI’s Fitbit Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FIT
On Thursday, shares of Pandora Media Inc. recorded a trading volume of 6,233,474 shares, which was below the three months average volume of 12,622,700 shares. The stock ended the day 4.58% higher at 8.45. The share price has gained 25.00% from its 52 week low with a 52 week trading range of 6.76 - 14.98.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $8.74 is below its 200-day moving average of $10.00. Shares of Pandora Media have fallen approximately 35.2 percent year-to-date.
Access RDI’s Pandora Media Inc. Research Report at:
https://rdinvesting.com/news/?ticker=P
Our Actionable Research on Fitbit Inc. (NYSE:FIT) and Pandora Media Inc. (NYSE:P) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
