Today’s Research Reports on Trending Tickers: Clovis Oncology and Incyte Corporation
U.S. markets rallied sharply Thursday as investor focus has now shifted to the upcoming earnings season. The Dow Jones Industrial Average jumped 0.81 percent to close at 25,574.73, while the S&P 500 Index gained 0.70 percent to close at 2,767.56. The Nasdaq Composite Index spiked 0.81 percent to close at 7,211.78. Major financial companies, BlackRock, J.P. Morgan Chase and Wells Fargo, are on deck to report earnings on Friday. Profits of the S&P 500 are forecasted to increase by 11.8 percent in the fourth quarter, up from an 8 percent rise a year ago, according to Thomson Reuters I/B/E/S.
RDI Initiates Coverage on:
Clovis Oncology, Inc.
Clovis Oncology, Inc.’s stock moved 4.54% lower Thursday, to close the day at $59.93. The stock recorded a trading volume of 1,262,648 shares, which was above its three months average volume of 1,188,050 shares. In the last year, Clovis Oncology, Inc.’s shares have traded in a range of 45.42 – 99.45. The share price has gained 31.95% 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 $63.13 is below its 200-day moving average of $74.76. Shares of Cleveland-Cliffs have fallen roughly 4.72 percent in the past month and are down 11.87 percent year-to-date.
Access RDI’s Cleveland-Cliffs Inc. Research Report at:
On Thursday, shares of Incyte Corporation recorded a trading volume of 3,251,159 shares, which was above the three months average volume of 1,634,507 shares. The stock ended the day 3.68% lower at 93.06. The stock is currently trading 39.24% below its 52 week high with a 52 week trading range of 92.52 – 153.15.The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $96.69 is below its 200-day moving average of $115.24. Shares of Incyte Corporation have fallen roughly 4.31 percent in the past month and are down 1.74 percent year-to-date.
Access RDI’s Incyte Corporation Research Report at:
Our Actionable Research on Clovis Oncology, Inc. (NASDAQ:CLVS) and Incyte Corporation (NASDAQ:INCY) can be downloaded free of charge at Research Driven Investing.
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