Yahoo Finance Today's Research Reports on Trending Tickers: BioMarin Pharmaceutical and Tesaro
NEW YORK, NY / ACCESSWIRE / October 17, 2018 / U.S. equities closed higher on Tuesday, driven by upbeat corporate earnings and strong economic data. According to the Federal Reserve, U.S. industrial production went up by 0.3 percent in September compared to Wall Street expectation of 0.1 percent increase. The Dow Jones Industrial Average jumped 2.17 percent to close at 25,798.42, while the S&P 500 Index 2.15 percent to close at 2,809.92. The Nasdaq Composite Index hiked 2.89 percent to close at 7,645.49.
Jim Smigiel, chief investment officer of absolute return strategies at SEI said that “the strongest gains in equity markets are behind us,” and that volatility is possibly a match for investors going onward as “chances of a surprise on the upside are lower than on the downside,” when referring to the broader U.S. economy.
RDI Initiates Coverage on:
BioMarin Pharmaceutical Inc.
https://rdinvesting.com/news/?ticker=BMRN
Tesaro, Inc.
https://rdinvesting.com/news/?ticker=TSRO
BioMarin Pharmaceutical's stock jumped 6.6% Tuesday, to close the day at $106.01. The stock recorded a trading volume of 1,220,030 shares, which was above its three months average volume of 1,179,632 shares. In the last year, BioMarin Pharmaceutical's shares have traded in a range of 75.81 - 106.20. The share price has gained 39.84% 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 $98.76 is above its 200-day moving average of $94.14. Shares of BioMarin Pharmaceutical have gained roughly 6.64 percent in the past month and are up 18.89 percent year-to-date.
Access RDI's BioMarin Pharmaceutical Inc. Research Report at:
https://rdinvesting.com/news/?ticker=BMRN
On Tuesday, shares of Tesaro recorded a trading volume of 1,066,032 shares, which was below the three months average volume of 1,886,503 shares. The stock ended the day 6.01% higher at $43.40. The share price has fallen 64.3% from its 52 week high with a 52 week trading range of 25.62 - 121.58. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $37.11 is below its 200-day moving average of $41.91. Shares of Tesaro have gained roughly 24.28 percent in the past month and are down 47.63 percent year-to-date.
Access RDI's Tesaro, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TSRO
Our Actionable Research on BioMarin Pharmaceutical Inc. (NASDAQ :BMRN) and Tesaro, Inc. (NASDAQ :TSRO) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com