U.S. Markets closed

Today's Research Reports on Trending Tickers: Spotify Technology and Groupon

NEW YORK, NY / ACCESSWIRE / January 15, 2019 / Wall Street extended losses on Monday as concerns of a global economic slowdown were reignited on weaker-than-expected economic data from China. In December, Chinese imports and exports on a year-over-year basis declined by 7.6 percent and 4.4 percent, respectively, while Chinese goods surplus with the U.S. reached $323.32 billion last year. The Dow Jones Industrial Average dropped 0.36 percent to close at 23,909.84, while the S&P 500 shed 0.53 percent to settle at 2,582.61. The Nasdaq fell 0.94 percent to close at 6,905.92.

According to Michelle Lam, Greater China economist at Société Générale, “Today’s data show that the U.S. tariffs [are] starting to hurt. The reversal of the frontloaded orders may cause more serious slump over the next couple of months.”

The Market Edge Initiates Coverage on:

Spotify Technology S.A.
https://marketedgereport.com/report/SPOT/

Groupon, Inc.
https://marketedgereport.com/report/GRPN/

Spotify Technology's stock jumped 5.14% Monday, to close the day at $126.71. The stock recorded a trading volume of 2,474,581 shares, which was above its three months average volume of 1,760,511 shares. In the last year, Spotify Technology's shares have traded in a range of 103.29 - 198.99. The share price has gained 22.67% 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 $124.39 is below its 200-day moving average of $159.00. Shares of Spotify Technology have gained roughly 0.82 percent in the past month and are up 11.64 percent year-to-date.

Access The Market Edge's Spotify Technology S.A. Research Report:
https://marketedgereport.com/report/SPOT/

On Monday, shares of Groupon recorded a trading volume of 9,301,867 shares, which was above the three months average volume of 7,341,429 shares. The stock ended the day 4.18% higher at $3.74. The share price has fallen 33.81% from its 52 week high with a 52 week trading range of 2.80 - 5.65. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $3.18 is below its 200-day moving average of $3.79. Shares of Groupon have gained roughly 19.11 percent in the past month and are up 16.87 percent year-to-date.

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

Our Actionable Research on Spotify Technology S.A. (NYSE:SPOT) and Groupon, Inc. (NASDAQ:GRPN) can be downloaded free of charge at The Market Edge.

The Market Edge

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

The Market Edge has not been compensated; directly or indirectly; for producing or publishing this document.

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.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

The Market Edge, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@marketedgereport.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: The Market Edge