Today’s Research Reports on Trending Tickers: Bristol-Myers Squibb and TESARO
U.S. markets surged Monday as fears of conflict in Syria eased and earnings season kicked off with a strong start. The Dow Jones Industrial Average spiked 0.87 percent to close at 24,573.04, while the S&P 500 Index jumped 0.81 percent to close at 2,677.84. The Nasdaq Composite Index rose 0.70 percent to close at 7,156.28.
“Geopolitical conditions calmed,” said Tim Ghriskey, Chief Investment Strategist at Inverness Counsel in New York, according to Reuters. “There’s a lot of anticipation about very strong earnings growth in the quarter. That may be attracting traders and even longer-term investors back into the market.”
RDI Initiates Coverage on:
Bristol-Myers Squibb Company
Bristol-Myers Squibb’s stock moved 7.79% lower Monday, to close the day at $54.08. The stock recorded a trading volume of 34,837,341 shares, which was above its three months average volume of 7,971,045 shares. In the last year, Bristol-Myers Squibb’s shares have traded in a range of 51.56 – 70.05. The stock is currently trading 22.80% below its 52 week high. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $65.48 is greater than its 200-day moving average of $63.23. Shares of the company are trading at a Price to Earnings ratio of 88.66. Shares of Bristol-Myers Squibb have fallen roughly 18.80 percent in the past month and are down 11.75 percent year-to-date.
Access RDI’s Bristol-Myers Squibb Company Research Report at:
On Monday, shares of TESARO recorded a trading volume of 1,554,727 shares, which was above the three months average volume of 1,171,106 shares. The stock ended the day 6.22% higher at 55.51. The stock is currently trading 67.14% below its 52 week high with a 52 week trading range of 50.67 – 168.92. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $59.38 is below its 200-day moving average of $80.15. Shares of TESARO have fallen roughly 10.19 percent in the past month and are down 33.02 percent year-to-date.
Access RDI’s TESARO, Inc. Research Report at:
Our Actionable Research on Bristol-Myers Squibb Company (NYSE:BMY) and TESARO, Inc. (NASDAQ:TSRO) can be downloaded free of charge at Research Driven Investing.
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