Today’s Research Reports on Trending Tickers: Roku and GoPro
U.S. markets fell Tuesday on slumping commodity prices, with U.S. crude oil posting its largest one day drop in over a month. The Dow Jones Industrial Average declined 0.13 percent to close at 23,409.47, while the S&P 500 Index fell 0.23 percent to close at 2,578.87. The Nasdaq Composite Index dropped 0.29 percent to close at 6,737.87. On Tuesday, the International Energy Agency said the recent rally in crude oil prices could be short-lived and global demand will be weaker-than-expected for the rest of the year and next.
“Since Friday, the theme has been deleveraging and taking risk off the table,” said Larry Peruzzi, managing director of international equity trading at Mischler Financial, according to The Wall Street Journal. “Part of it has been profit-taking and part of it has been uncertainty with taxes and Washington.”
RDI Initiates Coverage on:
Roku, Inc.’s stock fell 13.49% Tuesday, to close the day at $36.95. The stock recorded a trading volume of 56,821,123 shares, which was above its three months average volume of 9,618,290 shares. In the last year, Roku, Inc.’s shares have traded in a range of 15.75 – 48.80. The share price has gained 134.60% 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 $22.62 is at its 200-day moving average of $22.62. Shares of Roku have gained roughly 60.51 percent in the past month and are up 57.23 percent year-to-date.
Access RDI’s Roku, Inc. Research Report at:
On Tuesday, shares in GoPro, Inc. recorded a trading volume of 4,082,958 shares, which was below the three months average volume of 6,615,109 shares. The stock ended the day 2.03% lower at 8.21. The stock is currently trading 30.95% below its 52 week high with a 52 week trading range of 7.14 – 11.89.The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $9.83 is greater than its 200-day moving average of $9.08. Shares of GoPro have fallen roughly 14.12 percent in the past month and are down 5.74 percent year-to-date.
Access RDI’s GoPro, Inc. Research Report at:
Our Actionable Research on Roku, Inc. (NASDAQ:ROKU) and GoPro, Inc. (NASDAQ:GPRO) can be downloaded free of charge at Research Driven Investing.
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