Today’s Research Reports on Trending Tickers: HealthEquity and Shopify
NEW YORK, NY / ACCESSWIRE / March 21, 2018 / Stock markets rallied Tuesday on gains from the energy and consumer discretionary sector. Wall Street appears to be eagerly awaiting details from the Federal Reserve's upcoming policy meeting. As per CME Group's FedWatch tool, as of Tuesday, market expectations for a March rate hike are 94.4 percent. The Dow Jones Industrial Average increased 0.47 percent to close at 24,727.27, while the S&P 500 Index gained 0.15 percent to close at 2,716.94. The Nasdaq Composite Index climbed 0.27 percent to close at 7,364.30.
"We've seen volatility come back into markets. Stocks have become more of a two-sided trade. Markets do seem more comfortable at these levels, but it'll probably take a month or two before things settle. We want to see more clarity with what's actually going on with trade, with underlying economic data. Those things will cause the market to break out one way or the other," said Shawn Cruz, senior markets specialist at TD Ameritrade.
RDI Initiates Coverage on:
HealthEquity, Inc.
https://rdinvesting.com/news/?ticker=HQY
Shopify Inc.
https://rdinvesting.com/news/?ticker=SHOP
HealthEquity's stock jumped 11.47% Tuesday, to close the day at $64.54. The stock recorded a trading volume of 2,891,838 shares, which was above its three months average volume of 632,380 shares. In the last year, HealthEquity's shares have traded in a range of 37.62 - 65.00. The share price has gained 71.56% 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 $55.20 is greater than its 200-day moving average of $50.48. Shares of HealthEquity are trading at a Price to Earnings ratio of 86.86. Shares of HealthEquity have gained roughly 15.41 percent in the past month and are up 38.32 percent year-to-date.
Access RDI's HealthEquity, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=HQY
On Tuesday, shares of Shopify recorded a trading volume of 1,904,029 shares, which was above the three months average volume of 1,536,353 shares. The stock ended the day 5.14% higher at 153.11. The share price has gained 136.46% from its 52-week low with a 52-week trading range of 64.75 - 154.82. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $135.24 is greater than its 200-day moving average of $114.62. Shares of Shopify have gained roughly 7.23 percent in the past month and are up 51.59 percent year-to-date.
Access RDI's Shopify Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SHOP
Our Actionable Research on HealthEquity, Inc. (NASDAQ:HQY) and Shopify Inc. (NYSE:SHOP) can be downloaded free of charge at Research Driven Investing.
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