Yahoo Finance Today's Research Reports on Trending Tickers: Adobe and Appian
NEW YORK, NY / ACCESSWIRE / December 14, 2018 / U.S. markets finished modestly higher on Thursday as investors continue to worry about trade tensions between the U.S. and China. The Dow Jones Industrial Average gained 0.29 percent to close at 24,597.38, while the S&P 500 Index fell 0.02 percent to close at 2,650.54. The Nasdaq Composite Index dropped 0.39 percent to close at 7,070.33.
“Trade tensions between the U.S. and China is the biggest factor creating volatility,” said the president of Caliber Financial Partners, Patrick Healey. “Investors are clinging to the recent positive news about trade negotiations, but we won’t see the end of this volatility until there is a concrete agreement in place,” Healey added.
The Market Edge Initiates Coverage on:
Adobe Inc.
https://marketedgereport.com/report/ADBE/
Appian Corporation
https://marketedgereport.com/report/APPN/
Adobe's stock moved 1.03% higher Thursday, to close the day at $248.08. The stock recorded a trading volume of 5,379,389 shares, which was above its three months average volume of 3,978,240 shares. In the last year, Adobe's shares have traded in a range of 172.92 - 277.61. The share price has gained 43.47% 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 $241.38 is below its 200-day moving average of $251.80. Shares of the company are trading at a Price to Earnings ratio of 51.27. Shares of Adobe have gained roughly 3.91 percent in the past month and are up 41.57 percent year-to-date.
Access The Market Edge's Adobe Inc. Research Report:
https://marketedgereport.com/report/ADBE/
On Thursday, shares of Appian recorded a trading volume of 902,937 shares, which was above the three months average volume of 499,204 shares. The stock ended the day 8.8% lower at $26.65. The share price has fallen 38.89% from its 52 week high with a 52 week trading range of 19.84 - 43.61. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $27.04 is below its 200-day moving average of $31.70. Shares of Appian have gained roughly 0.45 percent in the past month and are down 15.34 percent year-to-date.
Access The Market Edge's Appian Corporation Research Report:
https://marketedgereport.com/report/APPN/
Our Actionable Research on Adobe Inc. (NASDAQ:ADBE) and Appian Corporation (NYSE:APPN) can be downloaded free of charge at The Market Edge.
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SOURCE: The Market Edge
