Today’s Research Reports on Trending Tickers: ConocoPhillips and Transocean
U.S. markets retreated on Wednesday as ongoing trade concerns and the currency crisis in Turkey continued to take center stage. The Dow Jones Industrial Average dropped 0.54 percent to close at 25,162.41, while the S&P 500 Index have fallen 0.76 percent to close at 2,818.37. The Nasdaq Composite Index shed 1.23 percent to close at 7,774.12.
“Really, everything today has been playing on the idea of the trade tensions and Turkey. Obviously crude is down today because U.S. stockpiles rose over the last week to their highest level since March 2017,” said chief market strategist at RiverFront Investment Group, Kevin Nicholson.
RDI Initiates Coverage on:
ConocoPhillips’s stock moved 6% lower Wednesday, to close the day at $67.82. The stock recorded a trading volume of 7,944,497 shares, which was above its three months average volume of 6,255,132 shares. In the last year, ConocoPhillips’s shares have traded in a range of 42.27 – 73.76. The share price has gained 60.44% 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 $70.73 is above its 200-day moving average of $64.18. Shares of the company are trading at a Price to Earnings ratio of 17.90. Shares of ConocoPhillips have fallen roughly 5.81 percent in the past month and are up 23.56 percent year-to-date.
Access RDI’s ConocoPhillips Research Report at:
On Wednesday, shares of Transocean recorded a trading volume of 28,292,238 shares, which was above the three months average volume of 12,408,017 shares. The stock ended the day 7.44% lower at $10.70. The share price has fallen 25.38% from its 52 week high with a 52 week trading range of 7.20 – 14.34. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $12.95 is above its 200-day moving average of $11.64. Shares of Transocean have fallen roughly 20.56 percent in the past month and are up 0.19 percent year-to-date.
Access RDI’s Transocean Ltd. Research Report at:
Our Actionable Research on ConocoPhillips (NYSE:COP) and Transocean Ltd. (NYSE:RIG) can be downloaded free of charge at Research Driven Investing.
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