Today's Research Reports on Trending Tickers: Vertex Pharmaceuticals and Tesaro
NEW YORK, NY / ACCESSWIRE / November 28, 2018 / U.S. markets closed up on Tuesday as gains in defensive stocks helped counteract trade related concerns between U.S. and China. The Dow Jones Industrial Average increased 0.44 percent to close at 24,748.73, while the S&P 500 Index gained 0.33 percent to close at 2,682.17. The Nasdaq Composite Index closed 0.01 percent higher to close at 7,082.70.
Morgan Stanley strategist Mike Wilson said in a note that the sell off in the stock market is only half done and will see the final leg in 2019. He said in a note to clients, “The Rolling Bear market is now better understood by the consensus; and more importantly, it is better priced, with forward price/earnings falling 18% from peak to trough. In short, while 90% of the price damage has been done by this bear, we’ve likely only served 50% of the time.”
The Market Edge Initiates Coverage on:
Vertex Pharmaceuticals Incorporated
https://marketedgereport.com/report/VRTX/
Tesaro, Inc.
https://marketedgereport.com/report/TSRO/
Vertex Pharmaceuticals Incorporated's stock jumped 4.81% Tuesday, to close the day at $175.45. The stock recorded a trading volume of 2,327,610 shares, which was above its three months average volume of 1,342,562 shares. In the last year, Vertex Pharmaceuticals Incorporated's shares have traded in a range of 136.50 - 194.92. The share price has gained 28.53% 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 $182.13 is above its 200-day moving average of $168.79. Shares of the company are trading at a Price to Earnings ratio of 70.10. Shares of Vertex Pharmaceuticals Incorporated have gained roughly 3.52 percent in the past month and are up 17.08 percent year-to-date.
Access The Market Edge's Vertex Pharmaceuticals Inc. Research Report:
https://marketedgereport.com/report/VRTX/
On Tuesday, shares of Tesaro, Inc. recorded a trading volume of 3,545,851 shares, which was above the three months average volume of 2,227,171 shares. The stock ended the day 3.32% higher at $45.42. The share price has fallen 48.35% from its 52 week high with a 52 week trading range of 23.41 - 87.93. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $35.44 is below its 200-day moving average of $38.16. Shares of Tesaro, Inc. have gained roughly 44.19 percent in the past month and are down 45.19 percent year-to-date.
Access The Market Edge's Tesaro, Inc. Research Report:
https://marketedgereport.com/report/TSRO/
Our Actionable Research on Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) and Tesaro, Inc. (NASDAQ:TSRO) can be downloaded free of charge at The Market Edge.
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SOURCE: MarketEdgeReport
