Today’s Research Reports on Trending Tickers: Shopify and Netflix
U.S. markets were relatively quiet following the summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore. The Dow Jones Industrial Average declined 0.01 percent to close at 25,320.73, while the S&P 500 Index rose 0.17 percent to close at 2,786.85. The Nasdaq Composite Index gained 0.57 percent to close at 7,703.79. On Tuesday, President Trump and North Korean leader Kim Jong Un signed an agreement pledging to creating a "peace regime" on the Korean peninsula.
“It is a relatively quiet day because investors are reluctant to make any big bets ahead of two central bank meetings,” said Mark Kepner, managing director of sales and trading at Themis Trading, according to MarketWatch.
RDI Initiates Coverage on:
Shopify’s stock jumped 3.12% Tuesday, to close the day at $165.24. The stock recorded a trading volume of 1,377,986 shares, which was below its three months average volume of 1,814,615 shares. In the last year, Shopify’s shares have traded in a range of 81.55 – 166.01. The share price has gained 102.62% 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 $142.28 is above its 200-day moving average of $127.15. Shares of Shopify have gained roughly 14.38 percent in the past month and are up 63.6 percent year-to-date.
Access RDI’s Shopify Inc. Research Report at:
On Tuesday, shares of Netflix recorded a trading volume of 3,873,330 shares, which was below the three months average volume of 9,532,290 shares. The stock ended the day 0.66% higher at $363.83. The share price has fallen 1.62% from its 52 week high with a 52 week trading range of 144.25 – 369.83. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $334.34 is above its 200-day moving average of $276.60. Shares of the company are trading at a Price to Earnings ratio of 243.85. Shares of Netflix have gained roughly 11.45 percent in the past month and are up 89.53 percent year-to-date.
Access RDI’s Netflix, Inc. Research Report at:
Our Actionable Research on Shopify Inc. (NYSE:SHOP) and Netflix, Inc. (NASDAQ:NFLX) can be downloaded free of charge at Research Driven Investing.
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