Today’s Research Reports on Trending Tickers: Match Group and NetEase
Wall Street closed up on Thursday as tech shares rallied and trade tensions eased on the hopes of a fresh round of trade talks that could potentially take place later this month. The Dow Jones Industrial Average climbed 0.57 percent to close at 26,145.99, while the S&P 500 Index jumped 0.53 percent to close at 2,904.18. The Nasdaq Composite Index gained 0.75 percent to close at 8,013.71.
“Markets today are moving primarily on China trade [and] tariff news,” according to Mark Esposito, chief executive of Esposito Securities in Dallas. “U.S. officials reaching out to China saying they would be amenable to additional trade talks later this month—that’s all it took to get and keep the Dow up triple digits,” Esposito added.
RDI Initiates Coverage on:
Match Group, Inc.
Match Group’s stock jumped 6.3% Thursday, to close the day at $59.58. The stock recorded a trading volume of 4,802,326 shares, which was above its three months average volume of 2,434,020 shares. In the last year, Match Group’s shares have traded in a range of 22.70 – 59.97. The share price has gained 162.47% 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 $46.56 is above its 200-day moving average of $43.13. Shares of the company are trading at a Price to Earnings ratio of 34.38. Shares of Match Group have gained roughly 19.18 percent in the past month and are up 90.29 percent year-to-date.
Access RDI’s Match Group, Inc. Research Report at:
On Thursday, shares of NetEase recorded a trading volume of 1,369,696 shares, which was above the three months average volume of 986,432 shares. The stock ended the day 5.31% higher at $201.76. The share price has fallen 46.57% from its 52 week high with a 52 week trading range of 184.60 – 377.64. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $221.64 is below its 200-day moving average of $255.89. Shares of the company are trading at a Price to Earnings ratio of 26.18. Shares of NetEase have fallen roughly 6.5 percent in the past month and are down 41.23 percent year-to-date.
Access RDI’s NetEase, Inc. Research Report at:
Our Actionable Research on Match Group, Inc. (NASDAQ:MTCH) and NetEase, Inc. (NASDAQ:NTES) can be downloaded free of charge at Research Driven Investing.
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