Yahoo Finance Today's Research Reports on Trending Tickers: Cronos Group and Perrigo Company
NEW YORK, NY / ACCESSWIRE / January 14, 2019 /U.S. equities posted strong weekly gains, however, stock closed lower for the day on Friday on concerns over an ongoing U.S. government shutdown and worries about an economic slowdown in China. The Dow Jones Industrial Average dropped marginally by 0.02 percent to close 23,995.95, and S&P 500 was down by just 0.01 percent to settle at 2,596.64. The Nasdaq dropped 0.21 percent to close at 6,971.48. For the week, both Dow Jones Industrial Average and S&P 500 gained more than 2 percent and the Nasdaq Composite jumped 3.45 percent.
Joseph Song, an economist at Bank of America Merrill Lynch, said in a note to clients, "We think a deal will be reached to reopen the government, but only after economic, financial and/or political pain is felt," he added, "Every two weeks of a shutdown trims 0.1 [percentage points] from growth; additional drag is likely due to delays in spending and investment."
The Market Edge Initiates Coverage on:
Cronos Group Inc.
https://marketedgereport.com/report/CRON/
Perrigo Company plc
https://marketedgereport.com/report/PRGO/
Cronos Group's stock jumped 4.67% Friday, to close the day at $13.67. The stock recorded a trading volume of 10,385,762 shares, which was below its three months average volume of 10,780,493 shares. In the last year, Cronos Group's shares have traded in a range of 5.12 - 15.30. The share price has gained 166.99% 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 $11.02 is above its 200-day moving average of $9.20. Shares of Cronos Group have gained roughly 20.12 percent in the past month and are up 31.57 percent year-to-date.
Access The Market Edge's Cronos Group Inc. Research Report:
https://marketedgereport.com/report/CRON/
On Friday, shares of Perrigo Company recorded a trading volume of 1,869,665 shares, which was below the three months average volume of 1,900,763 shares. The stock ended the day 3.28% higher at $45.34. The share price has fallen 52.74% from its 52 week high with a 52 week trading range of 36.28 - 95.93. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $51.57 is below its 200-day moving average of $67.84. Shares of the company are trading at a Price to Earnings ratio of 51.41. Shares of Perrigo Company have fallen roughly 22.51 percent in the past month and are up 17.01 percent year-to-date.
Access The Market Edge's Perrigo Company plc Research Report:
https://marketedgereport.com/report/PRGO/
Our Actionable Research on Cronos Group Inc. (NASDAQ:CRON) and Perrigo Company plc (NYSE:PRGO) can be downloaded free of charge at The Market Edge.
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SOURCE: MarketEdgeReport
