Today's Research Reports on Trending Tickers: Intelsat and Iridium Communications
NEW YORK, NY / ACCESSWIRE / September 26, 2018 / U.S. equities were mixed on Tuesday as concerns of a potential trade war linger and investors look forward to details from the upcoming Fed monetary policy meeting. The Dow Jones Industrial Average dropped 0.26 percent to close at 26,492.21, while the S&P 500 Index declined 0.13 percent to close at 2,915.56. The Nasdaq Composite Index rose 0.18 percent to close at 8,007.47.
“Investors have been digesting the idea of a full-blown trade war for months now, and on top of that, they are already aware of what could be the next steps. Yesterday’s market reaction corroborates our view,” said Charalambos Pissouros, senior market analyst at JFD Brokers.
RDI Initiates Coverage on:
Intelsat S.A.
https://rdinvesting.com/news/?ticker=I
Iridium Communications Inc.
https://rdinvesting.com/news/?ticker=IRDM
Intelsat's stock jumped 19.21% Tuesday, to close the day at $27.06. The stock recorded a trading volume of 7,979,802 shares, which was above its three months average volume of 2,563,731 shares. In the last year, Intelsat's shares have traded in a range of 2.44 - 27.49. The share price has gained 1009.02% 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 $22.96 is above its 200-day moving average of $15.81. Shares of Intelsat have gained roughly 13.27 percent in the past month and are up 698.23 percent year-to-date.
Access RDI's Intelsat S.A. Research Report at:
https://rdinvesting.com/news/?ticker=I
On Tuesday, shares of Iridium Communications recorded a trading volume of 1,004,809 shares, which was below the three months average volume of 1,006,571 shares. The stock ended the day 4.98% higher at $21.10. The share price has fallen 2.09% from its 52 week high with a 52 week trading range of 9.95 - 21.55. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $20.32 is above its 200-day moving average of $15.86. Shares of the company are trading at a Price to Earnings ratio of 14.65. Shares of Iridium Communications have gained roughly 1.2 percent in the past month and are up 78.81 percent year-to-date.
Access RDI's Iridium Communications Inc. Research Report at:
https://rdinvesting.com/news/?ticker=IRDM
Our Actionable Research on Intelsat S.A. (NYSE :I) and Iridium Communications Inc. (NASDAQ :IRDM) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
