NEW YORK, NY / ACCESSWIRE / May 23, 2018 / U.S. markets fell Tuesday on geopolitical concerns after President Trump stated he was not happy with the current U.S. – China trade talks. The Dow Jones Industrial Average declined 0.72 percent to close at 24,834.41, while the S&P 500 Index declined 0.31 percent to close at 2,724.44. The Nasdaq Composite Index declined 0.21 percent to close at 7,378.46.
"For the moment, investors are taking a wait-and-see attitude with respect to the [trade] negotiations, especially with the other geopolitical issues weighing on the market," said Jeff Kravetz, regional investment strategist at U.S. Bank Wealth Management, according to CNBC.
RDI Initiates Coverage on:
Whiting Petroleum Corporation
Enerplus' stock moved 5.91% lower Tuesday, to close the day at $12.58. The stock recorded a trading volume of 2,096,831 shares, which was above its three months average volume of 993,575 shares. In the last year, Enerplus' shares have traded in a range of 7.55 - 13.49. The share price has gained 66.62% 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 $11.89 is greater than its 200-day moving average of $10.68. Shares of the company are trading at a Price to Earnings ratio of 16.77. Shares of Enerplus have gained roughly 7.52 percent in the past month and are up 28.50 percent year-to-date.
Access RDI's Enerplus Corporation Research Report at:
On Tuesday, shares of Whiting Petroleum recorded a trading volume of 7,945,905 shares, which was above the three months average volume of 4,805,932 shares. The stock ended the day 5.15% lower at 50.48. The share price has gained 217.88% from its 52-week low with a 52-week trading range of 15.88 - 54.04. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $42.08 is greater than its 200-day moving average of $31.05. Shares of Whiting Petroleum have gained roughly 27.06 percent in the past month and are up 90.63 percent year-to-date.
Access RDI's Whiting Petroleum Corporation Research Report at:
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