Today’s Research Reports on Trending Tickers: NetEase Inc. and Intrexon Corporation
U.S. markets fell for the third consecutive session Thursday amidst growing geopolitical tensions between the U.S. and North Korea. The Dow Jones Industrial Average declined 0.93 percent to close at 21,844.01, while the S&P 500 Index declined 1.45 percent to close at 2,438.21. The Nasdaq Composite Index fell 2.13 percent to close at 6,216.87. All three major indexes posted their worst one day decline since May 17th, according to data from FactSet. This was the first time all three major indexes declined for three consecutive sessions since April 13th, according to WSJ Market Data Group.
"We’re through most of the earnings season and the valuations [in the stock market] become a bit problematic when you have something like North Korea come up," said Maris Ogg, president at Tower Bridge Advisors.
RDI Initiates Coverage on:
NetEase Inc.’s stock moved 9.78% lower Thursday, to close the day at $284.25. The stock recorded a trading volume of 6,147,126 shares, which was above its three months average volume of 1,300,740 shares. In the last year NetEase Inc.’s shares have traded in a range of 199.01 – 337.55. The share price has gained 42.83% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. Moreover, the stock’s 50-day moving average of $308.81 is greater than its 200-day moving average of $287.70. Shares of NetEase Inc. are trading at a Price to Earnings ratio of 19.32. Shares of NetEase have gained approximately 32 percent year-to-date.
Access RDI’s NetEase Inc. Research Report at:
On Thursday, shares in Intrexon Corporation recorded a trading volume of 2,988,896 shares, which was above the three months average volume of 935,516 shares. The stock ended the day 11.06% lower at 18.66. The stock is currently trading 43.28% below its 52 week high with a 52 week trading range of 17.74 – 32.90.The company’s shares are currently trading below their 200-day moving average. Moreover, the stock’s 50-day moving average of $23.23 is greater than its 200-day moving average of $21.99. Shares of Intrexon have fallen approximately 23.21 percent year-to-date.
Access RDI’s Intrexon Corporation Research Report at:
Our Actionable Research on NetEase Inc. (NASDAQ:NTES) and Intrexon Corporation (NYSE:XON) can be downloaded free of charge at Research Driven Investing.
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