Today’s Research Reports on Trending Tickers: NVIDIA and Square, Inc.
U.S. market slumped Tuesday as technology stocks fell amid concerns of growing trade tensions between the U.S. and China. The Dow Jones Industrial Average declined 0.68 percent to close at 25,007.03, while the S&P 500 Index dipped 0.64 percent to close at 2,765.31. The tech-heavy Nasdaq Composite Index dropped 1.02 percent to close at 7,511.01. Semiconductor stocks were some of the worst performers as The VanEck Vectors Semiconductor ETF fell 1.4 percent.
"The worry is with the Tillerson ouster and Broadcom blockage from the Trump administration that this will add fuel to the fire in a battle versus China on the horizon over the coming 12 to 18 months," said Dan Ives, head of technology research at GBH Insights, in a note, according to CNBC.
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NVIDIA’s stock edged 0.82% lower Tuesday, to close the day at $247.71. The stock recorded a trading volume of 15,494,309 shares, which was above its three months average volume of 15,191,071 shares. In the last year, NVIDIA’s shares have traded in a range of 95.49 – 254.50. The share price has gained 159.41% 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 $238.44 is greater than its 200-day moving average of $206.11. Shares of the company are trading at a Price to Earnings ratio of 51.39. Shares of NVIDIA have gained roughly 6.48 percent in the past month and are up 28.02 percent year-to-date.
Access RDI’s NVIDIA Corporation Research Report at:
On Tuesday, shares of Square recorded a trading volume of 13,500,432 shares, which was below the three months average volume of 15,278,540 shares. The stock ended the day 2.56% lower at 51.83. The share price has gained 221.73% from its 52 week low with a 52 week trading range of 16.11 – 53.79. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $45.29 is greater than its 200-day moving average of $37.45. Shares of Square have gained roughly 23.08 percent in the past month and are up 49.5 percent year-to-date.
Access RDI’s Square, Inc. Research Report at:
Our Actionable Research on NVIDIA Corporation (NASDAQ:NVDA) and Square, Inc. (NYSE:SQ) can be downloaded free of charge at Research Driven Investing.
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