NEW YORK, NY / ACCESSWIRE / October 16, 2018 / U.S. markets failed to remain in the green on Monday as a technology sector selloff erased earlier gains. Tech giants Netflix and Apple both dropped more than 1.8 percent after analysts change their price targets on the stocks. The Dow Jones Industrial Average decreased 0.35 percent to close at 25,250.55, while the S&P 500 Index declined 0.59 percent to close at 2,750.79. The Nasdaq Composite Index closed down 0.88 percent to close at 7,430.74.
"While broader market performance and rising rates concerns have been more important factors for stock price performance, we believe that upside to consensus expectations and what the strength in subscriber net additions says about Netflix's business, beyond just guidance for the next quarter, is likely to be a positive catalyst for the stock," according to Goldman's Heath Terry.
RDI Initiates Coverage on:
Southwestern Energy Company
Range Resources Corporation
Southwestern Energy's stock jumped 4.87% Monday, to close the day at $5.60. The stock recorded a trading volume of 15,473,568 shares, which was below its three months average volume of 19,107,018 shares. In the last year, Southwestern Energy's shares have traded in a range of 3.42 - 6.72. The share price has gained 63.74% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $5.32 is above its 200-day moving average of $4.99. Shares of the company are trading at a Price to Earnings ratio of 5.37. Shares of Southwestern Energy have gained roughly 12.68 percent in the past month and are up 0.36 percent year-to-date.
Access RDI's Southwestern Energy Company Research Report at:
On Monday, shares of Range Resources recorded a trading volume of 6,186,378 shares, which was above the three months average volume of 5,899,010 shares. The stock ended the day 5.31% higher at $17.65. The share price has fallen 11.17% from its 52
Access RDI's Range Resources Corporation Research Report at:
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