Release

Today’s Research Reports on Trending Tickers: Blue Apron Holdings and Verizon Communications

Strong performances from banking and technology stocks helped lift the markets further into the green on Tuesday. The Dow Jones Industrial Average gained 0.16 percent to close at 24,640.45, while the S&P 500 Index increased 0.26 percent to close at 2,662.94. The tech-heavy Nasdaq Composite Index rose 0.45 percent to close at 7,013.51. U.S. markets have experienced steep declines last week on rising interest rates and inflation concerns.

“If inflation continues to pick up, the equity market will continue to struggle from here. If worries about inflation come true, the problem is that central banks will have no choice but to raise rates, which won’t just have an impact on the equity markets but also on the real economy,” said Nick Clay, the lead manager of the BNY Mellon Global Equity Higher Income Fund, according to MarketWatch.

RDI Initiates Coverage on:

Blue Apron Holdings, Inc.
https://rdinvesting.com/news/?ticker=APRN

Verizon Communications Inc.
https://rdinvesting.com/news/?ticker=VZ

Blue Apron Holdings’ stock had no change Tuesday, to close the day at $3.35. The stock recorded a trading volume of 15,207,216 shares, which was above its three months average volume of 2,143,172 shares. In the last year, Blue Apron Holdings’ shares have traded in a range of 2.94 – 11.00. The stock is currently trading 69.55% below its 52 week high. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $3.44 is below its 200-day moving average of $4.45. Shares of Blue Apron Holdings have fallen roughly 1.76 percent in the past month and are down 16.87 percent year-to-date.

Access RDI’s Blue Apron Holdings, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=APRN

On Tuesday, shares of Verizon Communications recorded a trading volume of 11,871,683 shares, which was below the three months average volume of 17,745,351 shares. The stock ended the day 0.06% lower at 50.08. The share price has gained 17.01% from its 52 week low with a 52 week trading range of 42.80 – 54.77. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $52.46 is greater than its 200-day moving average of $49.55. Shares of Verizon Communications have fallen roughly 3.43 percent in the past month and are down 5.38 percent year-to-date.  

Access RDI’s Verizon Communications Inc. Research Report at:
https://rdinvesting.com/news/?ticker=VZ

Our Actionable Research on Blue Apron Holdings, Inc. (NYSE:APRN) and Verizon Communications Inc. (NYSE:VZ) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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