Yahoo Finance Today's Research Reports on Trending Tickers: Mimecast and Shopify
NEW YORK, NY / ACCESSWIRE / December 11, 2018 / Wall Street bounced on Monday as optimism outweighed earlier losses caused by the U.S. - China trade dispute. Analysts expect the Federal Reserve to raise interest rates during their next meeting. The Dow Jones Industrial Average gained 0.14 percent to close at 24,423.26, while the S&P 500 Index increased 0.18 percent to close at 2,637.72. The Nasdaq Composite Index jumped 0.74 percent to close at 7,020.52.
“There won’t be 25% tariffs on Jan. 1, and momentum toward a deal appears to be building, as the jobs report was solid but not too hot, while ISM Manufacturing PMIs were strong, and the Fed is shifting more and more dovish,” said Tom Essaye, the president and editor of the Sevens Report.
The Market Edge Initiates Coverage on:
Mimecast Ltd.
https://marketedgereport.com/report/MIME/
Shopify Inc.
https://marketedgereport.com/report/SHOP/
Mimecast’s stock jumped 3.15% Monday, to close the day at $35.06. The stock recorded a trading volume of 286,598 shares, which was below its three months average volume of 574,585 shares. In the last year, Mimecast’s shares have traded in a range of 26.50 - 46.87. The share price has gained 32.3% 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 $38.78 is below its 200-day moving average of $40.24. Shares of Mimecast have fallen roughly 1.98 percent in the past month and are up 22.29 percent year-to-date.
Access The Market Edge's Mimecast Ltd. Research Report:
https://marketedgereport.com/report/MIME/
On Monday, shares of Shopify recorded a trading volume of 1,247,600 shares, which was below the three months average volume of 1,645,004 shares. The stock ended the day 3.15% higher at $151.50. The share price has fallen 14.21% from its 52 week high with a 52 week trading range of 100.40 - 176.60. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $141.51 is below its 200-day moving average of $149.58. Shares of Shopify have gained roughly 7.52 percent in the past month and are up 50 percent year-to-date.
Access The Market Edge's Shopify Inc. Research Report:
https://marketedgereport.com/report/SHOP/
Our Actionable Research on Mimecast Ltd. (NASDAQ:MIME) and Shopify Inc. (NYSE:SHOP) can be downloaded free of charge at The Market Edge.
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SOURCE: The Market Edge
