Today’s Research Reports on Trending Tickers: Nutanix and Nuance Communications
U.S. markets fell Wednesday after the Federal Reserve raised interest rates and hinted at more increases were coming in 2018. The Dow Jones Industrial Average dropped 0.47 percent to close at 25,201.20, while the S&P 500 Index fell 0.40 percent to close at 2,775.63. The Nasdaq Composite Index declined 0.11 percent to close at 7,695.70. On Wednesday, the Federal Reserve raised its benchmark short-term interest rate by 0.25 percent.
"I think the market is quite rightly globing on to the view that this is a more hawkish tone," said Eric Lascelles, chief economist at RBC Global Asset Management, according to CNBC. "On the economic side, notwithstanding a middling start to the year, second-quarter economic growth is tracking for 4 percent. While that’s probably not sustainable … all of the economic checkpoints are reading quite strong."
RDI Initiates Coverage on:
Nuance Communications, Inc.
Nutanix’s stock jumped 4.7% Wednesday, to close the day at $63.50. The stock recorded a trading volume of 6,372,942 shares, which was above its three months average volume of 3,697,440 shares. In the last year, Nutanix’s shares have traded in a range of 16.97 – 64.35. The share price has gained 274.19% 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 $55.36 is above its 200-day moving average of $44.38. Shares of Nutanix have gained roughly 7.45 percent in the past month and are up 79.99 percent year-to-date.
Access RDI’s Nutanix, Inc. Research Report at:
On Wednesday, shares of Nuance Communications recorded a trading volume of 3,370,784 shares, which was above the three months average volume of 3,076,889 shares. The stock ended the day 0.21% higher at $14.15. The share price has fallen 25.8% from its 52 week high with a 52 week trading range of 12.18 – 19.07. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $14.05 is below its 200-day moving average of $15.82. Shares of Nuance Communications have gained roughly 9.44 percent in the past month and are down 13.46 percent year-to-date.
Access RDI’s Nuance Communications, Inc. Research Report at:
Our Actionable Research on Nutanix, Inc. (NASDAQ:NTNX) and Nuance Communications, Inc. (NASDAQ:NUAN) can be downloaded free of charge at Research Driven Investing.
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