Today's Research Reports on Trending Tickers: Canopy Growth and OPKO Health
NEW YORK, NY / ACCESSWIRE / October 9, 2018 / U.S. equities were mixed on Monday with the Dow Jones finishing in the green, but broader market gains were lagged due to worries over sharp increase in interest rate. The Dow Jones Industrial Average climbed 0.15 percent to close at 26,486.78, while the S&P 500 Index decreased 0.04 percent to close at 2,884.43. The Nasdaq Composite Index shed 0.67 percent to close at 7,735.95.
“The technical underpinnings of the equity markets argue on the side of caution. Despite new highs by the S&P 500 and Dow Industrials just a few days ago, the broad market continues to deteriorate,” said chief investment strategist at Baird, Bruce Bittles.
RDI Initiates Coverage on:
Canopy Growth Corporation
https://rdinvesting.com/news/?ticker=CGC
OPKO Health, Inc.
https://rdinvesting.com/news/?ticker=OPK
Canopy Growth's stock jumped 6.15% Monday, to close the day at $50.41. The stock recorded a trading volume of 8,203,415 shares, which was below its three months average volume of 10,707,085 shares. In the last year, Canopy Growth's shares have traded in a range of 16.74 - 56.60. The share price has gained 201.14% 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 $47.89 is above its 200-day moving average of $32.00. Shares of Canopy Growth have fallen roughly 2.17 percent in the past month and are up 94.57 percent year-to-date.
Access RDI's Canopy Growth Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CGC
On Monday, shares of OPKO Health recorded a trading volume of 5,404,806 shares, which was below the three months average volume of 6,175,826 shares. The stock ended the day 6.38% higher at $3.67. The share price has fallen 47.87% from its 52 week high with a 52 week trading range of 2.66 - 7.04. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $4.71 is above its 200-day moving average of $4.43. Shares of OPKO Health have fallen roughly 19.87 percent in the past month and are down 25.10 percent year-to-date.
Access RDI's OPKO Health, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=OPK
Our Actionable Research on Canopy Growth Corporation (NYSE:CGC) and OPKO Health, Inc. (NASDAQ:OPK) can be downloaded free of charge at Research Driven Investing.
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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. 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.
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SOURCE: RDInvesting.com
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View source version on accesswire.com:
https://www.accesswire.com/513695/Todays-Research-Reports-on-Trending-Tickers-Canopy-Growth-and-OPKO-Health
