Today’s Research Reports on Trending Tickers: Finisar and Qorvo
U.S. markets fell sharply Tuesday for the second consecutive day. Both the Dow Jones and S&P 500 experienced their largest one day drop of 2018. The Dow Jones Industrial Average dropped 1.37 percent to close at 26,076.89, while the S&P 500 Index fell 1.09 percent to close at 2,822.43. The Nasdaq Composite Index declined 0.86 percent to close at 7,402.48. Investors appear to be awaiting details from the State of the Union address by President Donald Trump on Tuesday night.
"We’ve had a unilateral move higher [in stocks] to start things off and people are realizing this is not sustainable," said Art Hogan, chief market strategist at B. Riley FBR. "You’re also seeing some cracks in the global story with interest rates rising."
RDI Initiates Coverage on:
Finisar’s stock moved 1.35% lower Tuesday, to close the day at $18.31. The stock recorded a trading volume of 2,535,791 shares, which was below its three months average volume of 4,718,724 shares. In the last year, Finisar’s shares have traded in a range of 17.20 – 36.41. The stock is currently trading 49.71% 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 $21.02 is below its 200-day moving average of $22.16. Shares of the company are trading at a trailing Price to Earnings ratio of 10.49. Shares of Finisar have fallen roughly 10.02 percent in the past month.
Access RDI’s Finisar Corporation Research Report at:
On Tuesday, shares of Qorvo recorded a trading volume of 6,126,485 shares, which was above the three months average volume of 1,605,533 shares. The stock ended the day 3.64% higher at 70.67. The share price has gained 15.63% from its 52 week low with a 52 week trading range of 61.12 – 81.20. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $67.85 is below its 200-day moving average of $71.27. Shares of Qorvo have gained roughly 6.11 percent in the past month.
Access RDI’s Qorvo, Inc. Research Report at:
Our Actionable Research on Finisar Corporation (NASDAQ:FNSR) and Qorvo, Inc. (NASDAQ:QRVO) can be downloaded free of charge at Research Driven Investing.
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