Yahoo Finance Today's Research Reports on Trending Tickers: Bed Bath & Beyond and Pier 1 Imports
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:
Bed Bath & Beyond Inc.
https://rdinvesting.com/news/?ticker=BBBY
Pier 1 Imports, Inc.
https://rdinvesting.com/news/?ticker=PIR
Bed Bath & Beyond's stock moved 0.7% higher Wednesday, to close the day at $20.18. The stock recorded a trading volume of 8,962,386 shares, which was above its three months average volume of 4,834,518 shares. In the last year, Bed Bath & Beyond's shares have traded in a range of 16.52 - 31.29. The share price has gained 22.15% 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 $18.66 is below its 200-day moving average of $20.63. Shares of the company are trading at a Price to Earnings ratio of 6.64. Shares of Bed Bath & Beyond have gained roughly 12.11 percent in the past month and are down 8.23 percent year-to-date.
Access RDI's Bed Bath & Beyond Inc. Research Report at:
https://rdinvesting.com/news/?ticker=BBBY
On Wednesday, shares of Pier 1 Imports recorded a trading volume of 1,985,402 shares, which was above the three months average volume of 1,748,414 shares. The stock ended the day 1.01% higher at $3.00. The share price has fallen 49.32% from its 52-week high with a 52-week trading range of 2.15 - 5.92. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $2.56 is below its 200-day moving average of $3.20. Shares of the company are trading at a Price to Earnings ratio of 21.43. Shares of Pier 1 Imports have gained roughly 26.05 percent in the past month and are down 27.54 percent year-to-date.
Access RDI's Pier 1 Imports, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=PIR
Our Actionable Research on Bed Bath & Beyond Inc. (NASDAQ :BBBY) and Pier 1 Imports, Inc. (NYSE :PIR) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
