Yahoo Finance Today's Research Reports on Trending Tickers: Ensco and Transocean
NEW YORK, NY / ACCESSWIRE / June 28, 2018 / U.S. equities fell sharply on Wednesday, weighed by losses from the consumer staples and technology sectors. The Dow Jones Industrial Average decreased 0.68 percent to close at 24,117.59, while the S&P 500 Index fell 0.86 percent to close at 2,699.63. The Nasdaq Composite Index declined 1.54 percent to close at 7,455.09.
“To a certain degree, investors are looking for something to be worried about. Stocks aren't far from all-time highs, and for a lot of people that's hard to justify,” said Dan Wantrobski, director of research at Janney Montgomery Scott. “However, I think volatility is returning to the U.S. market and that we could see another correction cycle. I'm not calling for a structural downturn, but tariffs and trade wars could exacerbate the weakness,” Wantrobski added.
RDI Initiates Coverage on:
Ensco plc
https://rdinvesting.com/news/?ticker=ESV
Transocean Ltd.
https://rdinvesting.com/news/?ticker=RIG
Ensco's stock jumped 8.46% Wednesday, to close the day at $7.05. The stock recorded a trading volume of 32,807,243 shares, which was above its three months average volume of 14,555,478 shares. In the last year, Ensco's shares have traded in a range of 4.10 - 7.60. The share price has gained 71.95% 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 $6.55 is above its 200-day moving average of $5.77. Shares of Ensco have gained roughly 10.5 percent in the past month and are up 19.29 percent year-to-date.
Access RDI's Ensco plc Research Report at:
https://rdinvesting.com/news/?ticker=ESV
On Wednesday, shares of Transocean recorded a trading volume of 26,872,147 shares, which was above the three months average volume of 14,604,664 shares. The stock ended the day 6.49% higher at $13.30. The share price has fallen 6.07% from its 52-week high with a 52-week trading range of 7.20 - 14.16. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $12.82 is above its 200-day moving average of $11.15. Shares of Transocean have gained roughly 8.48 percent in the past month and are up 24.53 percent year-to-date.
Access RDI's Transocean Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=RIG
Our Actionable Research on Ensco plc (NYSE :ESV) and Transocean Ltd. (NYSE :RIG) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
