Today’s Research Reports on Trending Tickers: YY and JD.com
U.S. market ended mostly higher on Thursday, as rallies from tech sector drove the Nasdaq to new intraday and closing records. The Dow Jones Industrial Average fell 0.10 percent to close at 25,175.31, while the S&P 500 Index gained 0.25 percent to close at 2,782.49. The Nasdaq Composite Index increased 0.85 percent to close at 7,761.04. In other news, investors were mostly supportive about the European Central Bank specifying a timeline for its bond-buying program and its interest-rate policy.
“The ECB did a pretty good job telegraphing what it’s planning to do. [ECB President Mario] Draghi is following Ben Bernanke’s playbook, with a zero-interest-rate policy, bond buying, and then eventually shrinking the central bank’s balance sheet. When we did all that, our market continued to move higher, which gives investors confidence that the blueprint they’re following is the correct one,” said Federated Investors chief equity market strategist, Phil Orlando.
RDI Initiates Coverage on:
YY’s stock jumped 4.34% Thursday, to close the day at $118.79. The stock recorded a trading volume of 1,831,543 shares, which was above its three months average volume of 1,743,748 shares. In the last year, YY’s shares have traded in a range of 53.21 – 142.97. The share price has gained 123.25% 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 $105.59 is below its 200-day moving average of $114.23. Shares of the company are trading at a Price to Earnings ratio of 18.19. Shares of YY have gained roughly 12.49 percent in the past month and are up 5.07 percent year-to-date.
Access RDI’s YY Inc. Research Report at:
On Thursday, shares of JD.com recorded a trading volume of 27,885,015 shares, which was above the three months average volume of 12,962,289 shares. The stock ended the day 6.06% higher at $43.75. The share price has fallen 13.67% from its 52 week high with a 52 week trading range of 34.76 – 50.68. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $37.39 is below its 200-day moving average of $41.59. Shares of JD.com have gained roughly 17.70 percent in the past month and are up 5.63 percent year-to-date.
Access RDI’s JD.com, Inc. Research Report at:
Our Actionable Research on YY Inc. (NASDAQ:YY) and JD.com, Inc. (NASDAQ:JD) can be downloaded free of charge at Research Driven Investing.
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