NEW YORK, NY / ACCESSWIRE / October 2, 2018 / U.S. equities were mixed on Monday after the U.S. and Canada agreed to revise the current North American Free Trade Agreement. The Dow Jones Industrial Average gained 0.73 percent to close at 26,651.21, while the S&P 500 Index closed 0.36 percent higher at 2,924.59. The Nasdaq Composite Index dropped 0.11 percent to close at 8,037.30.
"The biggest risk factor [in the market] is a trade war and we've dialed that down a bit," according to Mike Bailey, director of research at FBB Capital Partners. "I'm not calling for a major correction or a bear market, but I think we're getting a bit ahead of ourselves here,” Bailey added.
RDI Initiates Coverage on:
New Age Beverages Corporation
PepsiCo's stock moved 0.97% lower Monday, to close the day at $110.71. The stock recorded a trading volume of 4,984,358 shares, which was below its three months average volume of 5,081,815 shares. In the last year, PepsiCo's shares have traded in a range of 95.94 - 122.51. The share price has gained 15.4% 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 $113.11 is above its 200-day moving average of $108.29. Shares of the company are trading at a Price to Earnings ratio of 34.48. Shares of PepsiCo have fallen roughly 1.16 percent in the past month and are down 7.68 percent year-to-date.
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On Monday, shares of New Age Beverages recorded a trading volume of 91,280,803 shares, which was above the three months average volume of 9,113,265 shares. The stock ended the day 67.29% higher at $8.95. The share price has fallen 10.41% from its 52
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