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Today's Research Reports on Trending Tickers: Autodesk and Sphere 3D

NEW YORK, NY / ACCESSWIRE / November 21, 2018 / U.S. markets plunged on Tuesday as FAANG (Facebooks, Amazon, Apple, Netflix and Google) stocks entered into bear market territory, pressuring the tech sector lower. The Dow Jones Industrial Average tumbled 2.21 percent to close at 24,465.64, while the S&P 500 Index decreased 1.82 percent to close at 2,641.89. The Nasdaq Composite Index finished 1.7 percent lower at 6,908.82.

According to Dario Perkins, managing director of global macro at TS Lombard, " Short term , unexpected weakness in the tech sector could have a significant impact on the global economy, adding to what already looks like a soggier macro environment."

"Additional retrenchment in the FAANGs could also undermine the broader US stock market," Perkins added.

The Market Edge Initiates Coverage on:

Autodesk, Inc.
https://marketedgereport.com/report/ADSK/

Sphere 3D Corp.
https://marketedgereport.com/report/ANY/

Autodesk's stock moved 2.14% lower Tuesday, to close the day at $123.05. The stock recorded a trading volume of 3,655,966 shares, which was above its three months average volume of 2,223,898 shares. In the last year, Autodesk's shares have traded in a range of 101.55 - 159.94. The share price has gained 21.17% 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 $136.48 is below its 200-day moving average of $138.22. Shares of Autodesk have fallen roughly 7.61 percent in the past month and are up 17.38 percent year-to-date.

Access The Market Edge's Autodesk, Inc. Research Report:
https://marketedgereport.com/report/ADSK/

On Tuesday, shares of Sphere 3D recorded a trading volume of 14,895,653 shares, which was above the three months average volume of 489,709 shares. The stock ended the day 144.81% higher at $6.61. The share price has fallen 72.82% from its 52 week high with a 52 week trading range of 1.06 - 24.32. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $2.43 is below its 200-day moving average of $2.96. Shares of Sphere 3D have gained roughly 151.91 percent in the past month and are down 66.41 percent year-to-date.

Access The Market Edge's Sphere 3D Corp. Research Report:
https://marketedgereport.com/report/ANY/

Our Actionable Research on Autodesk, Inc. (NASDAQ : ADSK ) and Sphere 3D Corp. (NASDAQ : ANY ) can be downloaded free of charge at The Market Edge.

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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.

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SOURCE: MarketEdgeReport