Today’s Research Reports on Trending Tickers: Overstock.com and JD.com
U.S. stocks retreated on Thursday after the Fed left interest rates unchanged and signaled that it would continue to tighten monetary policy at a gradual pace. The Dow Jones Industrial Average gained 0.04 percent to close at 26,191.22, while the S&P 500 Index shed 0.25 percent to close at 2,806.83. The Nasdaq Composite Index decreased 0.53 percent higher to close at 7,530.89.
Charlie Ripley, senior investment strategist at Allianz Investment Management said that, “With no press conference or expectation for policy change, most market participants viewed the November FOMC meeting as more of a non-event. Despite the headwinds of increased market volatility and tightening financial condition, the Fed appears committed to continuing the gradual process of lifting rates and removing accommodation.”
“With only minimal changes to the statement the Fed is remaining vague about policy changes going forward and likely giving the committee more optionality in a changing market environment,” he added.
RDI Initiates Coverage on:
Overstock.com’s stock moved 1.07% lower Thursday, to close the day at $20.36. The stock recorded a trading volume of 1,260,028 shares, which was below its three months average volume of 1,917,921 shares. In the last year, Overstock.com’s shares have traded in a range of 18.99 – 89.80. The share price has gained 7.21% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $24.38 is below its 200-day moving average of $32.13. Shares of Overstock.com have fallen roughly 22.79 percent in the past month and are down 68.14 percent year-to-date.
Access RDI’s Overstock.com, Inc. Research Report at:
On Thursday, shares of JD.com recorded a trading volume of 17,331,566 shares, which was below the three months average volume of 20,022,161 shares. The stock ended the day 6.94% lower at $22.40. The share price has fallen 55.8% from its 52 week high with a 52 week trading range of 21.58 – 50.68. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $24.15 is below its 200-day moving average of $32.86. Shares of JD.com have fallen roughly 6.24 percent in the past month and are down 45.92 percent year-to-date.
Access RDI’s JD.com, Inc. Research Report at:
Our Actionable Research on Overstock.com, Inc. (NYSE:OSTK) and JD.com, Inc. (NASDAQ:JD) can be downloaded free of charge at Research Driven Investing.
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