Today’s Research Reports on Trending Tickers: Athersys and TrovaGene
U.S. market slumped Tuesday as technology stocks fell amid concerns of growing trade tensions between the U.S. and China. The Dow Jones Industrial Average declined 0.68 percent to close at 25,007.03, while the S&P 500 Index dipped 0.64 percent to close at 2,765.31. The tech-heavy Nasdaq Composite Index dropped 1.02 percent to close at 7,511.01. Semiconductor stocks were some of the worst performers as The VanEck Vectors Semiconductor ETF fell 1.4 percent.
"The worry is with the Tillerson ouster and Broadcom blockage from the Trump administration that this will add fuel to the fire in a battle versus China on the horizon over the coming 12 to 18 months," said Dan Ives, head of technology research at GBH Insights, in a note, according to CNBC.
RDI Initiates Coverage on:
Athersys’ stock jumped 17.95% Tuesday, to close the day at $1.84. The stock recorded a trading volume of 2,457,245 shares, which was above its three months average volume of 621,086 shares. In the last year, Athersys’ shares have traded in a range of 1.09 – 2.63. The share price has gained 68.81% 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 $1.60 is below its 200-day moving average of $1.88. Shares of Athersys have gained roughly 14.29 percent in the past month and are up 1.66 percent year-to-date.
Access RDI’s Athersys, Inc. Research Report at:
On Tuesday, shares of TrovaGene recorded a trading volume of 8,248,473 shares, which was above the three months average volume of 2,413,161 shares. The stock ended the day 23.14% higher at 0.46. The share price has gained 92.92% from its 52 week low with a 52 week trading range of 0.24 – 1.85. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $0.33 is below its 200-day moving average of $0.53. Shares of TrovaGene have gained roughly 34.2 percent in the past month and are up 50.57 percent year-to-date.
Access RDI’s TrovaGene, Inc. Research Report at:
Our Actionable Research on Athersys, Inc. (NASDAQ:ATHX) and TrovaGene, Inc. (NASDAQ:TROV) can be downloaded free of charge at Research Driven Investing.
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