Today’s Research Reports on Trending Tickers: Bitcoin Investment Trust and Riot Blockchain, Inc.
U.S. markets rallied sharply Thursday as investor focus has now shifted to the upcoming earnings season. The Dow Jones Industrial Average jumped 0.81 percent to close at 25,574.73, while the S&P 500 Index gained 0.70 percent to close at 2,767.56. The Nasdaq Composite Index spiked 0.81 percent to close at 7,211.78. Major financial companies, BlackRock, J.P. Morgan Chase and Wells Fargo, are on deck to report earnings on Friday. Profits of the S&P 500 are forecasted to increase by 11.8 percent in the fourth quarter, up from an 8 percent rise a year ago, according to Thomson Reuters I/B/E/S.
RDI Initiates Coverage on:
Bitcoin Investment Trust
Riot Blockchain, Inc.
Bitcoin Investment Trust’s stock fell 12.90% Thursday, to close the day at $1,708.01. The stock recorded a trading volume of 134,580 shares, which was above its three months average volume of 119,047 shares. In the last year, Bitcoin Investment Trust’s shares have traded in a range of 102.50 – 3,523.00. The share price has gained 1,566.35% 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 $2,005.03 is greater than its 200-day moving average of $971.96. Shares of Bitcoin Investment have fallen roughly 7.69 percent in the past month and are down 15.28 percent year-to-date.
Access RDI’s Bitcoin Investment Trust Research Report at:
On Thursday, shares of Riot Blockchain, Inc. recorded a trading volume of 2,841,016 shares, which was below the three months average volume of 6,269,777 shares. The stock ended the day 9.11% lower at 20.85. The share price has gained 229.38% from its 52 week low with a 52 week trading range of 6.33 – 46.20.The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $23.17 is greater than its 200-day moving average of $16.12. Shares of Riot Blockchain have fallen roughly 9.66 percent in the past month and are down 26.58 percent year-to-date.
Access RDI’s Riot Blockchain, Inc. Research Report at:
Our Actionable Research on Bitcoin Investment Trust (OTCMKTS:GBTC) and Riot Blockchain, Inc. (NASDAQ:RIOT) can be downloaded free of charge at Research Driven Investing.
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