Yahoo Finance Today's Research Reports on Trending Tickers: 3D Systems and Lumentum
NEW YORK, NY / ACCESSWIRE / May 3, 2018 / U.S. markets closed lower Wednesday after the Fed released a statement indicating an interest rate increase would be likely in the coming months. The Dow Jones Industrial Average declined 0.72 percent to close at 23,924.98, while the S&P 500 shed 0.72 percent to close at 2,635.67. The Nasdaq Composite Index was down 0.42 percent to close at 7,100.90.
"There are concerns in the market that rising inflation will prompt the Fed to hike more than three times this year, but the Fed statement was reassuring as it did not hint of faster pace of hikes," said Kate Warne, investment strategist at Edward Jones.
"While this should be positive for markets in general, we should be careful to assigns today's modest moves to the Fed statement. Small moves often happen even without any news," Warne added.
RDI Initiates Coverage on:
3D Systems Corporation
https://rdinvesting.com/news/?ticker=DDD
Lumentum Holdings Inc.
https://rdinvesting.com/news/?ticker=LITE
3D Systems' stock moved 1.73% lower Wednesday, to close the day at $10.22. The stock recorded a trading volume of 2,860,376 shares, which was above its three months average volume of 2,494,829 shares. In the last year, 3D Systems' shares have traded in a range of 7.92 - 23.70. The share price has gained 29.04% 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 $11.54 is above its 200-day moving average of $10.41. Shares of 3D Systems have fallen roughly 8.26 percent in the past month and are up 18.29 percent year-to-date.
Access RDI's 3D Systems Corporation Research Report at:
https://rdinvesting.com/news/?ticker=DDD
On Wednesday, shares of Lumentum recorded a trading volume of 4,909,854 shares, which was above the three months average volume of 2,515,334 shares. The stock ended the day 11.11% higher at $58.50. The share price has fallen 21.37% from its 52 week high with a 52 week trading range of 40.35 - 74.40. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $62.17 is above its 200-day moving average of $56.80. Shares of the company are trading at a Price to Earnings ratio of 36.34. Shares of Lumentum have fallen roughly 4.88 percent in the past month and are up 19.63 percent year-to-date.
Access RDI's Lumentum Holdings Inc. Research Report at:
https://rdinvesting.com/news/?ticker=LITE
Our Actionable Research on 3D Systems Corporation (NYSE:DDD) and Lumentum Holdings Inc. (NASDAQ:LITE) can be downloaded free of charge at Research Driven Investing.
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