Today’s Research Reports on Trending Tickers: Aphria and Merck & Company
U.S. equities plunged on Friday, but finished the week on a positive note, as bank earnings failed to lift market optimism amidst geopolitical anxiety. The Dow Jones Industrial Average dropped 0.50 percent to close at 24,360.14, ending the week 1.8 percent higher, while the S&P 500 Index fell 0.29 percent to close at 2,656.30, gained 2 percent for the week. The Nasdaq Composite Index declined 0.47 percent to close at 7,106.65, jumped 2.8 percent for the week.
“The bank earnings looked decent, but they weren’t spectacular, and they certainly weren’t great enough to push the stocks over important technical resistance,” said Wayne Kaufman, chief market analyst at Phoenix Financial Services.
RDI Initiates Coverage on:
Merck & Company, Inc.
Aphria’s stock jumped 14.76% Friday, to close the day at $9.02. The stock recorded a trading volume of 1,181,745 shares, which was above its three months average volume of 826,954 shares. In the last year, Aphria’s shares have traded in a range of 3.88 – 19.87. The share price has gained 132.47% 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 $9.83 is below its 200-day moving average of $10.19. Shares of the company are trading at a Price to Earnings ratio of 65.36. Shares of Aphria have fallen roughly 18.22 percent in the past month and are down 38.85 percent year-to-date.
Access RDI’s Aphria Inc. Research Report at:
On Friday, shares of Merck & Company recorded a trading volume of 10,053,679 shares, which was below the three months average volume of 12,763,371 shares. The stock ended the day 0.76% higher at 57.17. The stock is currently trading 13.91% below its 52 week high with a 52 week trading range of 53.12 – 66.41. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $55.78 is below its 200-day moving average of $58.73. Shares of the company are trading at a Price to Earnings ratio of 65.71. Shares of Merck & Company have gained roughly 3.48 percent in the past month and are up 1.60 percent year-to-date.
Access RDI’s Merck & Company, Inc. Research Report at:
Our Actionable Research on Aphria Inc. (OTCMKTS:APHQF) and Merck & Company, Inc. (NYSE:MRK) can be downloaded free of charge at Research Driven Investing.
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