Yahoo Finance Today’s Research Reports on Trending Tickers: CenturyLink and Windstream Holdings
NEW YORK, NY / ACCESSWIRE / November 10, 2017 / U.S. markets record rally stalled on Thursday on concerns of a delay in President Trump's proposed tax plan. The Dow Jones Industrial Average declined 0.43 percent to close at 23,461.94, while the S&P 500 Index fell 0.38 percent to close at 2,584.62. The Nasdaq Composite Index dropped 0.58 percent to close at 6,750.05. The new tax plan would see the corporate tax rate slashed from 35 percent to 20 percent. A newly proposed plan by the Senate would delay the tax cut until 2019.
"A combination of worries about the tax delay and news about Department of Justice's stance on the AT&T deal sparked a mild risk-off day," said Kate Warne, investment strategist at Edward Jones, according to MarketWatch.
"It's a sign that regulatory regime is not quite as favorable as investors first thought, while delays to tax reform means slower growth next year," Warne added.
RDI Initiates Coverage on:
CenturyLink, Inc.
https://rdinvesting.com/news/?ticker=CTL
Windstream Holdings, Inc.
https://rdinvesting.com/news/?ticker=WIN
CenturyLink, Inc.'s stock moved 4.80% lower Thursday, to close the day at $15.48. The stock recorded a trading volume of 39,219,714 shares, which was above its three months average volume of 12,230,003 shares. In the last year, CenturyLink, Inc.'s shares have traded in a range of 14.60 - 27.61. The stock is currently trading 43.93% below its 52-week high. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $18.83 is below its 200-day moving average of $22.06. Shares of the company are trading at a Price to Earnings ratio of 22.43. Shares of CenturyLink have fallen roughly 22.99 percent in the past month and are down 34.9 percent year-to-date.
Access RDI's CenturyLink, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CTL
On Thursday, shares in Windstream Holdings, Inc. recorded a trading volume of 4,591,540 shares, which was above the three months average volume of 4,243,387 shares. The stock ended the day 4.17% higher at 2.00. The share price has gained 15.61% from its 52-week low with a 52-week trading range of 1.73 - 8.35.The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $1.92 is below its 200-day moving average of $3.20. Shares of Windstream Holdings have fallen roughly 0.99 percent in the past month and are down 72.71 percent year-to-date.
Access RDI's Windstream Holdings, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=WIN
Our Actionable Research on CenturyLink, Inc. (NYSE:CTL) and Windstream Holdings, Inc. (NASDAQ:WIN) can be downloaded free of charge at Research Driven Investing.
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