Today's Research Reports on Trending Tickers: Accuray and NuVasive
NEW YORK, NY / ACCESSWIRE / September 28, 2018 / U.S. markets finished higher on Thursday as the jobless claims increase was smaller than expected and second quarter GDP rose 3.1%, marking the best growth in 2 years. The Dow Jones Industrial Average gained 0.21 percent to close at 26,439.93, while the S&P 500 Index jumped 0.28 percent to close at 2,914.00. The Nasdaq Composite Index climbed 0.65 percent to close at 8,041.97.
''Today's stock market gains look to me like a relief rally following yesterday's Fed meeting. The biggest risk yesterday had been that the 10- and 30-year yields, which were retesting their May highs near 3.12% and 3.24% respectively, would break out on hawkish Fed news which could spark a stock market selloff as occurred back in February,'' according to Colin Cieszynski, chief market strategist at SIA Wealth Management. ''Treasury yields have dropped off since the Fed meeting, taking some of the recent pressure off of stocks and enabling indices to rebound,'' Cieszynski added.
RDI Initiates Coverage on:
Accuray Incorporated
https://rdinvesting.com/news/?ticker=ARAY
NuVasive, Inc.
https://rdinvesting.com/news/?ticker=NUVA
Accuray's stock jumped 15% Thursday, to close the day at $4.60. The stock recorded a trading volume of 5,819,210 shares, which was above its three months average volume of 474,745 shares. In the last year, Accuray's shares have traded in a range of 3.20 - 6.15. The share price has gained 43.75% 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 $3.90 is below its 200-day moving average of $4.38. Shares of Accuray have gained roughly 13.58 percent in the past month and are up 6.98 percent year-to-date.
Access RDI's Accuray Incorporated Research Report at:
https://rdinvesting.com/news/?ticker=ARAY
On Thursday, shares of NuVasive recorded a trading volume of 832,535 shares, which was above the three months average volume of 596,925 shares. The stock ended the day 3.26% higher at $70.36. The share price has fallen 2.44% from its 52 week high with a 52 week trading range of 44.62 - 72.12. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $69.24 is above its 200-day moving average of $57.08. Shares of the company are trading at a Price to Earnings ratio of 84.77. Shares of NuVasive have gained roughly 0.26 percent in the past month and are up 20.29 percent year-to-date.
Access RDI's NuVasive, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=NUVA
Our Actionable Research on Accuray Incorporated (NASDAQ: ARAY) and NuVasive, Inc. (NASDAQ: NUVA) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
