Today’s Research Reports on Trending Tickers: CVS Health and Centene
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:
CVS Health Corporation
CVS Health’s stock moved 4.21% higher Monday, to close the day at $66.10. The stock recorded a trading volume of 19,008,386 shares, which was above its three months average volume of 8,458,924 shares. In the last year, CVS Health’s shares have traded in a range of 60.14 – 84.00. The stock is currently trading 21.31% 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 $64.95 is below its 200-day moving average of $71.72. Shares of the company are trading at a Price to Earnings ratio of 10.26. Shares of CVS Health have gained roughly 0.69 percent in the past month and are down 8.83 percent year-to-date.
Access RDI’s CVS Health Corporation Research Report at:
On Monday, shares of Centene recorded a trading volume of 2,197,237 shares, which was above the three months average volume of 1,443,914 shares. The stock ended the day 3.08% higher at 109.92. The share price has gained 56.47% from its 52 week low with a 52 week trading range of 70.25 – 112.42. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $103.74 is greater than its 200-day moving average of $100.91. Shares of Centene are trading at a Price to Earnings ratio of 23.44. Shares of Centene have gained roughly 4.08 percent in the past month and are up 8.96 percent year-to-date.
Access RDI’s Centene Corporation Research Report at:
Our Actionable Research on CVS Health Corporation (NYSE:CVS) and Centene Corporation (NYSE:CNC) can be downloaded free of charge at Research Driven Investing.
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