Today’s Research Reports on Trending Tickers: eBay and Bitcoin Investment
U.S. markets fell for the second consecutive session Wednesday as the tech sector’s struggles continued. The Dow Jones Industrial Average declined 0.04 percent to close at 23,848.42, while the S&P 500 Index fell 0.29 percent to close at 2,605.00. The Nasdaq Composite Index fell 0.85 percent to close at 6,949.23. On Wednesday, the Technology Select Sector SPDR fund dropped 0.67 percent, while the VanEck Vectors Semiconductor ETF fell 2.22 percent, closing more than 10 percent below its 52-week high.
"Tech is driving the news today," said Adam Sarhan, CEO of 50 Park Investments, according to CNBC. "What you’re seeing is a rotation out of tech and into some of the more fairly and under-valued areas of the market."
RDI Initiates Coverage on:
Bitcoin Investment Trust
eBay’s stock edged 0.27% lower Wednesday, to close the day at $40.11. The stock recorded a trading volume of 14,336,456 shares, which was above its three months average volume of 10,542,760 shares. In the last year, eBay’s shares have traded in a range of 31.89 – 46.99. The share price has gained 25.78% 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 $42.54 is greater than its 200-day moving average of $39.10.Shares of eBay have fallen roughly 6.42 percent in the past month and are up 6.28 percent year-to-date.
Access RDI’s eBay Inc. Research Report at:
On Wednesday, shares of Bitcoin Investment recorded a trading volume of 3,885,889 shares, which was below the three months average volume of 5,918,900 shares. The stock ended the day 5.61% lower at 11.28. The share price has gained 824.59% from its 52 week low with a 52 week trading range of 1.22 – 38.71. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $15.62 is greater than its 200-day moving average of $14.58. Shares of Bitcoin Investment have fallen roughly 36.74 percent in the past month and are down 49.08 percent year-to-date.
Access RDI’s Bitcoin Investment Trust Research Report at:
Our Actionable Research on eBay Inc. (NASDAQ:EBAY) and Bitcoin Investment Trust (OTCMKTS:GBTC) can be downloaded free of charge at Research Driven Investing.
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