NEW YORK, NY / ACCESSWIRE / November 21, 2018 / U.S. markets plunged on Tuesday as FAANG (Facebooks, Amazon, Apple, Netflix
According to Dario Perkins, managing director of global macro at TS Lombard, "
"Additional retrenchment in the FAANGs could also undermine the broader US stock market," Perkins added.
The Market Edge Initiates Coverage on:
Analog Devices, Inc.
Analog Devices' stock jumped 4.09% Tuesday, to close the day at $89.02. The stock recorded a trading volume of 6,660,128 shares, which was above its three months average volume of 3,573,755 shares. In the last year, Analog Devices' shares have traded in a range of 76.62 - 103.59. The share price has gained 16.18% 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 $85.64 is below its 200-day moving average of $93.66. Shares of the company are trading at a Price to Earnings ratio of 23.71. Shares of Analog Devices have gained roughly 8.11 percent in the past month and are down 0.01 percent year-to-date.
Access The Market Edge's Analog Devices, Inc. Research Report:
On Tuesday, shares of NVIDIA recorded a trading volume of 42,300,828 shares, which was above the three months average volume of 13,190,818 shares. The stock ended the day 3.03% higher at $149.08. The share price has fallen 49.08% from its 52
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