NEW YORK, NY / ACCESSWIRE / January 28, 2019 / U.S. equities closed higher on Friday as companies continue to report upbeat earnings and Trump and the Democrats agreed to reopen the government until Feb. 15. The Dow Jones Industrial Average climbed 0.75 percent to settle at 24,737.20, while the S&P 500 jumped 0.85 percent to close at 2,664.76. The Nasdaq advanced 1.29 percent to settle at 7,164.86.
The Market Wealth Report Initiates Coverage on:
Advanced Micro Devices, Inc.
Universal Display Corporation
Advanced Micro Devices' stock jumped 5.18% Friday, to close the day at $21.93. The stock recorded a trading volume of 110,555,157 shares, which was above its three months average volume of 99,632,191 shares. In the last year, Advanced Micro Devices' shares have traded in a range of 9.04 - 34.14. The share price has gained 142.59% 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 $19.37 is below its 200-day moving average of $22.12. Shares of the company are trading at a Price to Earnings ratio of 70.97. Shares of Advanced Micro Devices have gained roughly 25.39 percent in the past month and are up 18.8 percent year-to-date.
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On Friday, shares of Universal Display recorded a trading volume of 650,811 shares, which was below the three months average volume of 1,160,068 shares. The stock ended the day 3.57% higher at $102.39. The share price has fallen 39.93% from its 52 week high with a 52 week trading range of 78.75 - 170.45. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $92.67 is below its 200-day moving average of $104.53. Shares of the company are trading at a Price to Earnings ratio of 67.36. Shares of Universal Display have gained roughly 10.99 percent in the past month and are up 9.43 percent year-to-date.
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SOURCE: Market Wealth Report