Today’s Research Reports on Trending Tickers: AstraZeneca and Bristol-Myers Squibb
U.S. stocks retreated on Thursday after the Fed left interest rates unchanged and signaled that it would continue to tighten monetary policy at a gradual pace. The Dow Jones Industrial Average gained 0.04 percent to close at 26,191.22, while the S&P 500 Index shed 0.25 percent to close at 2,806.83. The Nasdaq Composite Index decreased 0.53 percent higher to close at 7,530.89.
Charlie Ripley, senior investment strategist at Allianz Investment Management said that, “With no press conference or expectation for policy change, most market participants viewed the November FOMC meeting as more of a non-event. Despite the headwinds of increased market volatility and tightening financial condition, the Fed appears committed to continuing the gradual process of lifting rates and removing accommodation.”
“With only minimal changes to the statement the Fed is remaining vague about policy changes going forward and likely giving the committee more optionality in a changing market environment,” he added.
RDI Initiates Coverage on:
Bristol-Myers Squibb Company
AstraZeneca’s stock jumped 3.67% Thursday, to close the day at $40.65. The stock recorded a trading volume of 5,475,590 shares, which was above its three months average volume of 4,168,836 shares. In the last year, AstraZeneca’s shares have traded in a range of 31.99 – 41.28. The share price has gained 27.07% 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 $38.37 is above its 200-day moving average of $37.19. Shares of the company are trading at a Price to Earnings ratio of 38.53. Shares of AstraZeneca have gained roughly 6.00 percent in the past month and are up 17.15 percent year-to-date.
Access RDI’s AstraZeneca PLC Research Report at:
On Thursday, shares of Bristol-Myers Squibb recorded a trading volume of 6,983,388 shares, which was below the three months average volume of 7,093,947 shares. The stock ended the day 0.34% lower at $52.81. The share price has fallen 24.61% from its 52 week high with a 52 week trading range of 46.94 – 70.05. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $57.01 is above its 200-day moving average of $56.30. Shares of the company are trading at a Price to Earnings ratio of 234.71. Shares of Bristol-Myers Squibb have fallen roughly 16.48 percent in the past month and are down 13.82 percent year-to-date.
Access RDI’s Bristol-Myers Squibb Company Research Report at:
Our Actionable Research on AstraZeneca PLC (NYSE:AZN) and Bristol-Myers Squibb Company (NYSE:BMY) can be downloaded free of charge at Research Driven Investing.
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