Today’s Research Reports on Trending Tickers: Ebix and Sirius XM Holdings
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:
Sirius XM Holdings Inc.
Ebix’s stock moved 3.59% higher Wednesday, to close the day at $74.95. The stock recorded a trading volume of 337,148 shares, which was above its three months average volume of 193,304 shares. In the last year, Ebix’s shares have traded in a range of 52.40 – 87.50. The share price has gained 43.03% 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 $81.40 is greater than its 200-day moving average of $75.07. Shares of the company are trading at a Price to Earnings ratio of 23.64. Shares of Ebix have fallen roughly 10.72 percent in the past month and are down 5.43 percent year-to-date.
Access RDI’s Ebix, Inc. Research Report at:
On Wednesday, shares of Sirius XM recorded a trading volume of 16,768,747 shares, which was below the three months average volume of 21,097,995 shares. The stock ended the day 0.40% lower at 6.17. The share price has gained 30.55% from its 52 week low with a 52 week trading range of 4.73 – 6.61. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $6.25 is greater than its 200-day moving average of $5.72. Shares of Sirius XM are trading at a Price to Earnings ratio of 44.11. Shares of Sirius XM Holdings have fallen roughly 1.59 percent in the past month and are up 15.30 percent year-to-date.
Access RDI’s Sirius XM Holdings Inc. Research Report at:
Our Actionable Research on Ebix, Inc. (NASDAQ:EBIX) and Sirius XM Holdings Inc. (NASDAQ:SIRI) can be downloaded free of charge at Research Driven Investing.
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