Today’s Research Reports on Trending Tickers: Bitcoin Investment and Advanced Micro Devices
U.S. markets fell Tuesday on slumping commodity prices, with U.S. crude oil posting its largest one day drop in over a month. The Dow Jones Industrial Average declined 0.13 percent to close at 23,409.47, while the S&P 500 Index fell 0.23 percent to close at 2,578.87. The Nasdaq Composite Index dropped 0.29 percent to close at 6,737.87. On Tuesday, the International Energy Agency said the recent rally in crude oil prices could be short-lived and global demand will be weaker-than-expected for the rest of the year and next.
“Since Friday, the theme has been deleveraging and taking risk off the table,” said Larry Peruzzi, managing director of international equity trading at Mischler Financial, according to The Wall Street Journal. “Part of it has been profit-taking and part of it has been uncertainty with taxes and Washington.”
RDI Initiates Coverage on:
Bitcoin Investment Trust
Advanced Micro Devices, Inc.
Bitcoin Investment Trust’s stock moved 6.65% lower Tuesday, to close the day at $800.00. The stock recorded a trading volume of 76,149 shares, which was above its three months average volume of 74,606 shares. In the last year Bitcoin Investment Trust’s shares have traded in a range of 92.50 – 1,064.95. The share price has gained 764.86% 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 $745.51 is greater than its 200-day moving average of $546.80. Shares of Bitcoin Investment have fallen roughly 14.56 percent in the past month and are down 14.56 percent year-to-date.
Access RDI’s Bitcoin Investment Trust Research Report at:
On Tuesday, shares in Advanced Micro Devices, Inc. recorded a trading volume of 37,245,039 shares, which was below the three months average volume of 58,108,453 shares. The stock ended the day 0.27% higher at 11.12. The share price has gained 63.77% from its 52 week low with a 52 week trading range of 6.79 – 15.65.The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $12.70 is greater than its 200-day moving average of $12.57. Shares of Advanced Micro Devices have fallen roughly 21.8 percent in the past month and are down 1.94 percent year-to-date.
Access RDI’s Advanced Micro Devices, Inc. Research Report at:
Our Actionable Research on Bitcoin Investment Trust (OTCMKTS:GBTC) and Advanced Micro Devices, Inc. (NASDAQ:AMD) can be downloaded free of charge at Research Driven Investing.
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