Today’s Research Reports on Trending Tickers: Mallinckrodt Public and Zogenix
U.S. markets bounced back on Thursday after Walmart and Cisco reported upbeat quarterly earnings. The Dow Jones Industrial Average jumped 1.58 percent to close at 25,558.73, while the S&P 500 Index have gained 0.79 percent to close at 2,840.69. The Nasdaq Composite Index increased 0.42 percent to close at 7,806.52.
“Earnings out of Walmart are very positive for the market as it is a reflection not just of Walmart’s online growth but it offers a positive snapshot of the U.S. consumer,” said chief market strategist at Prudential Financial, Quincy Krosby.
RDI Initiates Coverage on:
Mallinckrodt Public Limited Company
Mallinckrodt Public’s stock jumped 5.27% Thursday, to close the day at $34.14. The stock recorded a trading volume of 4,466,861 shares, which was above its three months average volume of 3,103,459 shares. In the last year, Mallinckrodt Public’s shares have traded in a range of 11.65 – 41.70. The share price has gained 193.05% 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 $23.41 is above its 200-day moving average of $17.84. Shares of the company are trading at a Price to Earnings ratio of 1.86. Shares of Mallinckrodt Public have gained roughly 59.76 percent in the past month and are up 51.33 percent year-to-date.
Access RDI’s Mallinckrodt Public Limited Company Research Report at:
On Thursday, shares of Zogenix recorded a trading volume of 819,673 shares, which was above the three months average volume of 758,514 shares. The stock ended the day 3% higher at $48.05. The share price has fallen 23.43% from its 52 week high with a 52 week trading range of 11.40 – 62.75. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $52.55 is above its 200-day moving average of $43.98. Shares of Zogenix have fallen roughly 21.16 percent in the past month and are up 19.98 percent year-to-date.
Access RDI’s Zogenix, Inc. Research Report at:
Our Actionable Research on Mallinckrodt Public Limited Company (NYSE:MNK) and Zogenix, Inc. (NASDAQ:ZGNX) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
For any questions, inquiries, or comments reach out to us directly at:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.