NEW YORK, NY / ACCESSWIRE / June 27, 2018 / U.S. markets rebounded on Tuesday after experiencing steep losses the past week due to growing trade tensions. The Dow Jones Industrial Average increased 0.12 percent to close at 24,283.11, while the S&P 500 Index gained 0.22 percent to close at 2,723.06. The Nasdaq Composite Index jumped 0.39 percent to close at 7,561.63.
"The market is trading more on sentiment than fundamentals lately, which means moves are likely to be fickle and short lived," said Liz Young, senior investment strategist at BNY Mellon Investment Management, according to MarketWatch.
"We feel that while momentum around trade is escalating, we're still in a place where it's in every nation's best interest to avoid that outcome, and that things could calm down as negotiations progress," she said. "In the meantime, the economy is still strong, data is moving in the right direction, and we don't see this as the issue that will turn things around."
RDI Initiates Coverage on:
Helios and Matheson Analytics Inc.
Helios and Matheson Analytics' stock moved 15.1% lower Tuesday, to close the day at $0.25. The stock recorded a trading volume of 27,849,917 shares, which was above its three months average volume of 17,579,178 shares. In the last year, Helios and Matheson Analytics' shares have traded in a range of 0.24 - 38.86. The share price has gained 2.58% 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 $0.54 is below its 200-day moving average of $4.15. Shares of Helios and Matheson Analytics have fallen roughly 29.27 percent in the past month and are down 95.4 percent year-to-date.
Access RDI's Helios and Matheson Analytics Inc. Research Report at:
On Tuesday, shares of Zynga recorded a trading volume of 17,888,548 shares, which was above the three months average volume of 11,665,640 shares. The stock ended the day 0.74% higher at $4.11. The share price has fallen 10.07% from its 52 week high with a 52 week trading range of 3.20 - 4.57. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $4.19 is above its 200-day moving average of $3.82. Shares of the company are trading at a Price to Earnings ratio of 137.00. Shares of Zynga have fallen roughly 1.44 percent in the past month and are up 2.75 percent year-to-date.
Access RDI's Zynga Inc. Research Report at:
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