Today's Research Reports on Trending Tickers: YY Inc. and Fang Holdings
NEW YORK, NY / ACCESSWIRE / May 31, 2018 / U.S. equities rebounded on Wednesday, lifted by strong performance from the energy sector and worries over Italy's political crisis eased. The Dow Jones Industrial Average increased 1.26 percent to close at 24,667.78, while the S&P 500 Index climbed 1.27 percent to close at 2,724.01. The Nasdaq Composite Index was up 0.89 percent to close at 7,462.45.
"The fact that the market is shrugging off Italy's political drama suggests that maybe it was a crowded trade that was being unwound and not something more serious," said Michael Antonelli, equity sales trader at Robert W. Baird & Co.
"Anything coming from the left field can shatter markets nowadays, so we have to brace for a long summer grind," Antonelli added.
RDI Initiates Coverage on:
YY Inc.
https://rdinvesting.com/news/?ticker=YY
Fang Holdings Limited
https://rdinvesting.com/news/?ticker=SFUN
YY's stock jumped 7.78% Wednesday, to close the day at $115.42. The stock recorded a trading volume of 2,504,935 shares, which was above its three months average volume of 1,808,076 shares. In the last year, YY's shares have traded in a range of 53.21 - 142.97. The share price has gained 116.91% 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 $100.07 is below its 200-day moving average of $113.92. Shares of the company are trading at a Price to Earnings ratio of 17.67. Shares of YY have gained roughly 19.74 percent in the past month and are up 2.09 percent year-to-date.
Access RDI's YY Inc. Research Report at:
https://rdinvesting.com/news/?ticker=YY
On Wednesday, shares of Fang Holdings recorded a trading volume of 3,573,015 shares, which was above the three months average volume of 1,943,898 shares. The stock ended the day 4.36% higher at $5.50. The share price has fallen 3.34% from its 52-week high with a 52-week trading range of 3.01 - 5.69. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $5.10 is above its 200-day moving average of $4.93. Shares of the company are trading at a Price to Earnings ratio of 152.78. Shares of Fang Holdings have gained roughly 10 percent in the past month and are down 1.43 percent year-to-date.
Access RDI's Fang Holdings Limited Research Report at:
https://rdinvesting.com/news/?ticker=SFUN
Our Actionable Research on YY Inc. (NASDAQ:YY) and Fang Holdings Limited (NYSE:SFUN) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
