Yahoo Finance Today's Research Reports on Trending Tickers: Immunomedics and Global Blood Therapeutics
NEW YORK, NY / ACCESSWIRE / August 23, 2018 / U.S. markets were mixed on Wednesday, with the Dow Jones and S&P 500 finishing in the red, as the Federal Reserve meeting indicated another interest rate hike in September. The Dow Jones Industrial Average dropped 0.34 percent to close at 25,733.60, while the S&P 500 Index have declined 0.04 percent to close at 2,861.82. The Nasdaq Composite Index increased 0.38 percent to close at 7,889.10.
“Overall, nothing here to surprise the markets,” said Paul Ashworth, chief U.S. economist at Capital Economics. “Attention will now switch to Chair Jerome Powell's Jackson Hole speech this Friday. We expect him to deliver the same message on tightening evident in the minutes. We doubt that President Trump's criticism is going to change anything,” referring to President Trump's comments that he is “not thrilled” with the Fed's movement in raising interest-rate.
RDI Initiates Coverage on:
Immunomedics, Inc.
https://rdinvesting.com/news/?ticker=IMMU
Global Blood Therapeutics, Inc.
https://rdinvesting.com/news/?ticker=GBT
Immunomedics' stock jumped 5.55% Wednesday, to close the day at $22.83. The stock recorded a trading volume of 1,200,055 shares, which was below its three months average volume of 2,365,007 shares. In the last year, Immunomedics' shares have traded in a range of 8.68 - 27.33. The share price has gained 163.02% 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 $23.88 is above its 200-day moving average of $20.01. Shares of Immunomedics have fallen roughly 12.66 percent in the past month and are up 41.27 percent year-to-date.
Access RDI's Immunomedics, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=IMMU
On Wednesday, shares of Global Blood Therapeutics recorded a trading volume of 397,539 shares, which was below the three months average volume of 1,333,073 shares. The stock ended the day 3.23% higher at $51.10. The share price has fallen 24.91% from its 52-week high with a 52-week trading range of 26.10 - 68.05. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $43.99 is below its 200-day moving average of $48.33. Shares of Global Blood Therapeutics have gained roughly 23.58 percent in the past month and are up 29.86 percent year-to-date.
Access RDI's Global Blood Therapeutics, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GBT
Our Actionable Research on Immunomedics, Inc. (NASDAQ: IMMU) and Global Blood Therapeutics, Inc. (NASDAQ: GBT) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
