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:
AMN Healthcare Services, Inc.
Acadia Healthcare Company, Inc.
AMN Healthcare Services' stock jumped 3.42% Monday, to close the day at $51.97. The stock recorded a trading volume of 426,883 shares, which was below its three months average volume of 438,781 shares. In the last year, AMN Healthcare Services' shares have traded in a range of 37.71 - 68.20. The share price has gained 37.81% 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 $53.67 is below its 200-day moving average of $57.98. Shares of the company are trading at a Price to Earnings ratio of 17.33. Shares of AMN Healthcare Services have fallen roughly 1.10 percent in the past month and are up 5.52 percent year-to-date.
Access RDI's AMN Healthcare Services, Inc. Research Report at:
On Monday, shares of Acadia Healthcare recorded a trading volume of 5,262,609 shares, which was above the three months average volume of 1,096,062 shares. The stock ended the day 7.93% higher at $35.94. The share price has fallen 20.61% from its 52 week high with a 52 week trading range of 26.92 - 45.27. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $37.02 is below its 200-day moving average of $39.76. Shares of the company are trading at a Price to Earnings ratio of 13.92. Shares of Acadia Healthcare have fallen roughly 0.03 percent in the past month and are up 10.14 percent year-to-date.
Access RDI's Acadia Healthcare Company, Inc. Research Report at:
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.
For any questions, inquiries, or comments reach out to us directly at:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.