Today’s Research Reports on Trending Tickers: NVIDIA Corporation and Micron Technology Inc.
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:
Micron Technology Inc.
NVIDIA Corporation’s stock moved 4.28% lower Thursday, to close the day at $164.74. The stock recorded a trading volume of 33,202,199 shares, which was above its three months average volume of 23,098,600 shares. In the last year NVIDIA Corporation’s shares have traded in a range of 57.32 – 174.56. The share price has gained 187.40% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $159.41 is greater than its 200-day moving average of $126.75. Shares of NVIDIA Corporation are trading at a Price to Earnings ratio of 55.30. Shares of NVIDIA have gained approximately 54.34 percent year-to-date.
Access RDI’s NVIDIA Corporation Research Report at:
On Thursday, shares in Micron Technology Inc. recorded a trading volume of 26,147,550 shares, which was below the three months average volume of 28,855,000 shares. The stock ended the day 3.81% lower at 27.49. The share price has gained 93.46% from its 52 week low with a 52 week trading range of 14.21 – 32.96.The company’s shares are currently trading below their 200-day moving average. Moreover, the stock’s 50-day moving average of $30.48 is greater than its 200-day moving average of $27.93. Shares of Micron Technology Inc. are trading at a Price to Earnings ratio of 12.07. Shares of Micron Technology have gained approximately 25.41 percent year-to-date.
Access RDI’s Micron Technology Inc. Research Report at:
Our Actionable Research on NVIDIA Corporation (NASDAQ:NVDA) and Micron Technology Inc. (NASDAQ:MU) can be downloaded free of charge at Research Driven Investing.
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