U.S. Markets closed

Today's Research Reports on Trending Tickers: iQIYI and VeriSign

NEW YORK, NY / ACCESSWIRE / November 5, 2018 / U.S. equities rolled back on Friday, ending a 3-day consecutive gain after confusing headlines about the trade talks with China. President Trump announced progress in trade talks with the Chinese President, however, Larry Kudlow, his top economic adviser, said that the U.S. and China were a long way from closing a trade deal. The Dow Jones Industrial Average fell 0.43 percent to close at 25,270.83, while the S&P 500 Index decreased 0.63 percent to close at 2,723.06. The Nasdaq Composite Index dropped 1.04 percent to close at 7,356.99.

RDI Initiates Coverage on:

iQIYI, Inc.
https://rdinvesting.com/news/?ticker=IQ

VeriSign, Inc.
https://rdinvesting.com/news/?ticker=VRSN

iQIYI's stock moved 5.12% lower Friday, to close the day at $21.13. The stock recorded a trading volume of 16,388,851 shares, which was above its three months average volume of 11,287,543 shares. In the last year, iQIYI's shares have traded in a range of 15.30 - 46.23. The share price has gained 38.1% 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 $24.95 is below its 200-day moving average of $27.36. Shares of iQIYI have fallen roughly 16.52 percent in the past month and are up 35.88 percent year-to-date.

Access RDI's iQIYI, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=IQ

On Friday, shares of VeriSign recorded a trading volume of 4,234,285 shares, which was above the three months average volume of 856,773 shares. The stock ended the day 17.2% higher at $165.02. The share price has fallen 6.64% from its 52 week high with a 52 week trading range of 105.40 - 176.76. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $149.79 is above its 200-day moving average of $143.29. Shares of the company are trading at a Price to Earnings ratio of 42.54. Shares of VeriSign have gained roughly 6.32 percent in the past month and are up 44.2 percent year-to-date.

Access RDI's VeriSign, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=VRSN

Our Actionable Research on iQIYI, Inc. (NASDAQ:IQ) and VeriSign, Inc. (NASDAQ:VRSN) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com