NEW YORK, NY / ACCESSWIRE / November 20, 2018 / Wall Street posted sharp losses on Monday as
“Tech continues to be caught in the crosshairs of the triple threat of rising interest rates, global growth fears and trade tensions with China,” according to a chief investment officer at Independent Advisor Alliance, Chris Zaccarelli. “Trade war concerns with China weigh on the global supply chain for large technology companies while global growth fears worry many that future earnings will be lower,” Zaccarelli added.
The Market Edge Initiates Coverage on:
L Brands, Inc.
Urban Outfitters, Inc.
L Brands' stock moved 2.07% lower Monday, to close the day at $34.55. The stock recorded a trading volume of 7,325,736 shares, which was above its three months average volume of 5,986,718 shares. In the last year, L Brands' shares have traded in a range of 25.89 - 63.10. The share price has gained 33.45% 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 $32.05 is below its 200-day moving average of $32.53. Shares of the company are trading at a Price to Earnings ratio of 10.93. Shares of L Brands have gained roughly 16.57 percent in the past month and are down 42.63 percent year-to-date.
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On Monday, shares of Urban Outfitters recorded a trading volume of 4,893,292 shares, which was above the three months average volume of 2,663,914 shares. The stock ended the day 3.86% lower at $35.61. The share price has fallen 32.17% from its 52
Access The Market Edge’s Urban Outfitters, Inc. Research Report at:
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