Today’s Research Reports on Trending Tickers: Sprint and Verizon Communications
The markets recent slide continued Tuesday as concerns of rising interest rates continued to plague investors. On Tuesday, the yield on the benchmark on the 10-year Treasury note surpassed the 3 percent mark for the first time in four years. The Dow Jones Industrial Average dropped 1.7 percent to close at 24,024.13, its fifth consecutive daily decline, while the S&P 500 Index fell 1.3 percent to close at 2,634.56. The Nasdaq Composite Index declined 1.7 percent to close at 7,007.35.
RDI Initiates Coverage on:
Verizon Communications Inc.
Sprint’s stock moved 0.51% higher Tuesday, to close the day at $5.91. The stock recorded a trading volume of 7,370,397 shares, which was below its three months average volume of 13,924,872 shares. In the last year, Sprint’s shares have traded in a range of 4.81 – 9.22. The share price has gained 22.87% 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 $5.37 is lower than its 200-day moving average of $5.77. Shares of the company are trading at a Price to Earnings ratio of 3.42. Shares of Sprint have gained roughly 20.12 percent in the past month and are up 0.34 percent year-to-date.
Access RDI’s Sprint Corporation Research Report at:
On Tuesday, shares of Verizon Communications recorded a trading volume of 20,920,383 shares, which was above the three months average volume of 16,661,856 shares. The stock ended the day 2.08% higher at $49.67. The share price has fallen 9.31% from its 52 week high with a 52 week trading range of 42.80 – 54.77. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $48.06 is lower than its 200-day moving average of $49.51. Shares of the company are trading at a Price to Earnings ratio of 6.75. Shares of Verizon Communications have gained roughly 7.3 percent in the past month and are down 6.16 percent year-to-date.
Access RDI’s Verizon Communications Inc. Research Report at:
Our Actionable Research on Sprint Corporation (NYSE:S) and Verizon Communications Inc. (NYSE:VZ) can be downloaded free of charge at Research Driven Investing.
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