Today’s Research Reports on Trending Tickers: Riot Blockchain and Square, Inc.
U.S. markets dropped for the first time in four sessions on Tuesday as comments made by new Federal Reserve Chairman Jerome Powell hinted interest rates could rise more quickly this year. The Dow Jones Industrial declined 1.16 percent to close at 25,410.03, while the S&P 500 Index dropped 1.27 percent to close at 2,744.28. The Nasdaq Composite Index fell 1.23 percent to close at 7,330.35. The yield on the benchmark 10-year Treasury note jumped 5 basis points to 2.915 percent.
“We’ve seen continuing strength in the labor market. We’ve seen some data that will, in my case, add some confidence to my view that inflation is moving up to target. We’ve also seen continued strength around the globe, and we’ve seen fiscal policy become more stimulative,” Powell said in testimony, according to MarketWatch.
RDI Initiates Coverage on:
Riot Blockchain, Inc.
Riot Blockchain’s stock edged 0.61% higher Tuesday, to close the day at $9.96. The stock recorded a trading volume of 567,884 shares, which was below its three months average volume of 6,432,803 shares. In the last year, Riot Blockchain’s shares have traded in a range of 3.40 – 46.20. The share price has gained 192.94% 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 $16.16 is greater than its 200-day moving average of $12.31. Shares of Riot Blockchain have fallen roughly 41.86 percent in the past month and are down 64.93 percent year-to-date.
Access RDI’s Riot Blockchain, Inc. Research Report at:
On Tuesday, shares of Square recorded a trading volume of 19,449,243 shares, which was above the three months average volume of 18,427,612 shares. The stock ended the day 1.37% lower at 45.91. The share price has gained 184.98% from its 52 week low with a 52 week trading range of 16.11 – 49.56. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $42.97 is greater than its 200-day moving average of $35.67. Shares of Square have fallen roughly 0.13 percent in the past month and are up 32.42 percent year-to-date.
Access RDI’s Square, Inc. Research Report at:
Our Actionable Research on Riot Blockchain, Inc. (NASDAQ:RIOT) and Square, Inc. (NYSE:SQ) can be downloaded free of charge at Research Driven Investing.
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