Yahoo Finance Today's Research Reports on Trending Tickers: Spotify and Snap
NEW YORK, NY / ACCESSWIRE / July 17, 2018 / U.S. markets closed mostly lower on Monday, as upbeat economic data and the latest batch of corporate earnings failed to encourage investors. The Dow Jones Industrial Average gained 0.18 percent to close at 25,064.36, while the S&P 500 Index decreased 0.10 percent to close at 2,798.43. The Nasdaq Composite Index dropped 0.26 percent to close at 7,805.72.
“Market should continue to focus on these positive fundamentals unless there's any further eruption in trade news, which will usurp the fundamental news. Until then, the focus will be on company results, and whether their profitability is enough to continue supporting equity advances,” said Mark Luschini, Janney Montgomery Scott's chief investment strategist.
RDI Initiates Coverage on:
Spotify Technology S.A.
https://rdinvesting.com/news/?ticker=SPOT
Snap Inc.
https://rdinvesting.com/news/?ticker=SNAP
Spotify's stock moved 1.6% lower Monday, to close the day at $184.22. The stock recorded a trading volume of 1,141,647 shares, which was below its three months average volume of 3,124,941 shares. In the last year, Spotify's shares have traded in a range of 135.51 - 187.62. The share price has gained 35.95% 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 $165.20 is above its 200-day moving average of $159.90. Shares of Spotify have gained roughly 5.26 percent in the past month and are up 23.63 percent year-to-date.
Access RDI's Spotify Technology S.A. Research Report at:
https://rdinvesting.com/news/?ticker=SPOT
On Monday, shares of Snap recorded a trading volume of 18,175,856 shares, which was below the three months average volume of 27,492,466 shares. The stock ended the day 2.17% lower at $13.07. The share price has fallen 38.41% from its 52 week high with a 52 week trading range of 10.50 - 21.22. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $12.22 is below its 200-day moving average of $14.59. Shares of Snap have fallen roughly 6.78 percent in the past month and are down 10.54 percent year-to-date.
Access RDI's Snap Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SNAP
Our Actionable Research on Spotify Technology S.A. (NYSE:SPOT) and Snap Inc. (NYSE:SNAP) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
