Yahoo Finance Today's Research Reports on Trending Tickers: iQIYI and Sina Corporation
NEW YORK, NY / ACCESSWIRE / May 10, 2018 / U.S. markets spiked Wednesday as strong performances by the energy, financials and technology sectors lifted the major indexes higher. The Dow Jones Industrial Average jumped 0.75 percent to close at 24,542.54, while the S&P 500 Index spiked 0.97 percent to close at 2,697.79. The Nasdaq Composite Index rose 1.00 percent to close at 7,339.91. Energy stocks continued to rise a day after President Trump’s decision to pull out of the nuclear deal with Iran and to continue with sanctions against the major oil producing nation.
“A lot of people had reduced their exposure to stocks ahead of Trump’s announcement on Iran on Tuesday and when the markets did not sell off, traders went back in. What we are seeing today looks like a relief rally that took the S&P 500 to the high end of its recent range,” said Ian Winer, head of the equities division at Wedbush Securities, according to MarketWatch.
RDI Initiates Coverage on:
iQIYI, Inc.
https://rdinvesting.com/news/?ticker=IQ
Sina Corporation
https://rdinvesting.com/news/?ticker=SINA
iQIYI's stock jumped 11.36% Wednesday, to close the day at $18.62. The stock recorded a trading volume of 6,115,520 shares, which was below its three months average volume of 8,952,982 shares. In the last year, iQIYI's shares have traded in a range of 15.30 - 20.50. The share price has gained 21.70% from its 52 week low. The company's shares are currently trading above their 50-day moving average of 17.49 and its IPO price of $18.00. Shares of iQIYI have gained roughly 13.47 percent in the past month and are up 19.74 percent since its IPO in March.
Access RDI's iQIYI, Inc.Research Report at:
https://rdinvesting.com/news/?ticker=IQ
On Wednesday, shares of Sina recorded a trading volume of 4,417,162 shares, which was above the three months average volume of 989,886 shares. The stock ended the day 10.14% lower at 89.84. The stock is currently trading 27.90% below its 52 week high with a 52 week trading range of 80.73 - 124.60. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $99.25 is below its 200-day moving average of $107.33. Shares of the company are trading at a Price to Earnings ratio of 42.99. Shares of Sina have fallen roughly 7.88 percent in the past month and are down 10.44 percent year-to-date.
Access RDI's Sina Corporation Research Report at:
https://rdinvesting.com/news/?ticker=SINA
Our Actionable Research on iQIYI, Inc. (NASDAQ :IQ) and Sina Corporation (NASDAQ :SINA) can be downloaded free of charge at Research Driven Investing.
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