Today’s Research Reports on Trending Tickers: Splunk and DocuSign
U.S. markets made it in the green on Thursday, pushed higher by rally in information technology and telecom stocks, covering continued uncertainty over trade policy. The Dow Jones Industrial Average gained 0.91 percent to close at 24,924.89, while the S&P 500 Index increased 0.87 percent to close at 2,798.29. The Nasdaq Composite Index jumped 1.39 percent to close at 7,823.92.
Head of small and mid-cap equities at Aberdeen Standard Investments, Ralph Bassett said, “The market is breathing a sign of relief despite some pretty intense headlines recently. We’re seeing technology pick up, and other areas more broadly as well, as fundamentals remain very good.”
RDI Initiates Coverage on:
Splunk’s stock jumped 3.78% Thursday, to close the day at $105.94. The stock recorded a trading volume of 2,479,392 shares, which was above its three months average volume of 1,786,510 shares. In the last year, Splunk’s shares have traded in a range of 55.97 – 121.64. The share price has gained 89.28% 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 $112.47 is above its 200-day moving average of $100.66. Shares of Splunk have fallen roughly 10.52 percent in the past month and are up 27.89 percent year-to-date.
Access RDI’s Splunk Inc. Research Report at:
On Thursday, shares of DocuSign recorded a trading volume of 2,357,172 shares, which was above the three months average volume of 2,091,708 shares. The stock ended the day 6.52% higher at $55.37. The share price has fallen 17.11% from its 52 week high with a 52 week trading range of 37.00 – 66.80. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $53.36 is above its 200-day moving average of $50.48. Shares of DocuSign have fallen roughly 10.43 percent in the past month and are up 39.37 percent year-to-date.
Access RDI’s DocuSign, Inc. Research Report at:
Our Actionable Research on Splunk Inc. (NASDAQ:SPLK) and DocuSign, Inc. (NASDAQ:DOCU) can be downloaded free of charge at Research Driven Investing.
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