Today’s Research Reports on Trending Tickers: Adobe Systems and Oracle Corporation
Progress of the recent tax bill hit a snag on Thursday as two GOP Senators raised some concerns. All sectors closed down on Thursday dragging markets lower, with the Healthcare and Materials contributing most losses. The Dow Jones Industrial Average declined 0.31 percent to close at 24,508.66, while the S&P 500 Index fell 0.41 percent to close at 2,652.01. The Nasdaq Composite Index decreased 0.28 percent to close at 6,856.53.
“This market has been going in lockstep with the progress made in the tax bill,” said Art Hogan, chief market strategist at B. Riley FBR. “When you see bumps in the road, you’re going to get some volatility.”
RDI Initiates Coverage on:
Adobe Systems Incorporated
Adobe Systems stock moved 1.03% lower Thursday, to close the day at $175.00. The stock recorded a trading volume of 1,495,244 shares, which was below its three months average volume of 3,032,720 shares. In the last year, Adobe Systems shares have traded in a range of 101.91 – 186.27. The share price has gained 71.72% 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 $178.69 is greater than its 200-day moving average of $156.19. Shares of Adobe Systems are trading at a Price to Earnings ratio of 55.01. Shares of Adobe Systems have fallen roughly 3.49 percent in the past month and are up 69.99 percent year-to-date.
Access RDI’s Adobe Systems Incorporated Research Report at:
On Thursday, shares in Oracle Corporation recorded a trading volume of 22,243,719 shares, which was above the three months average volume of 15,590,679 shares. The stock ended the day 0.28% higher at 50.19. The share price has gained 31.04% from its 52 week low with a 52 week trading range of 38.30 – 53.14.The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $49.52 is greater than its 200-day moving average of $49.10. Shares of Oracle Corporation are trading at a Price to Earnings ratio of 21.83. Shares of Oracle have gained roughly 2.01 percent in the past month and are up 30.53 percent year-to-date.
Access RDI’s Oracle Corporation Research Report at:
Our Actionable Research on Adobe Systems Incorporated (NASDAQ:ADBE) and Oracle Corporation (NYSE:ORCL) can be downloaded free of charge at Research Driven Investing.
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