Today’s Research Reports on Trending Tickers: Splunk and Symantec
U.S. markets closed up Tuesday on the strength of upbeat corporate earnings and strong economic data. On Tuesday, China announced tariffs of between 5 to 10 percent on $60 billion worth of U.S. in response to U.S. tariffs. The Dow Jones Industrial Average gained 0.71 percent to close at 26,246.96, while the S&P 500 Index hiked 0.54 percent to close at 2,904.31. The Nasdaq Composite Index jumped 0.76 percent to close at 7,956.11.
“In my opinion, I see President Trump as trying to force the trading partners to the bargaining table to renegotiate trade deals that have long favored other countries over the U.S. His methods are unconventional but the U.S. economy is strong, earnings are healthy and confidence among consumers and investors remains high,” said chief investment strategist at SlateStone Wealth, Robert Pavlik.
RDI Initiates Coverage on:
Splunk’s stock moved 2.66% lower Tuesday, to close the day at $116.31. The stock recorded a trading volume of 2,521,463 shares, which was above its three months average volume of 1,928,259 shares. In the last year, Splunk’s shares have traded in a range of 62.39 – 130.00. The share price has gained 86.42% 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 $113.16 is above its 200-day moving average of $108.55. Shares of Splunk have gained roughly 12.47 percent in the past month and are up 40.4 percent year-to-date.
Access RDI’s Splunk Inc. Research Report at:
On Tuesday, shares of Symantec recorded a trading volume of 6,606,186 shares, which was below the three months average volume of 8,347,165 shares. The stock ended the day 4.29% higher at $20.65. The share price has fallen 39.62% from its 52 week high with a 52 week trading range of 17.81 – 34.20. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $19.76 is below its 200-day moving average of $22.95. Shares of the company are trading at a Price to Earnings ratio of 11.27. Shares of Symantec have gained roughly 6.12 percent in the past month and are down 26.41 percent year-to-date.
Access RDI’s Symantec Corporation Research Report at:
Our Actionable Research on Splunk Inc. (NASDAQ:SPLK) and Symantec Corporation (NASDAQ:SYMC) can be downloaded free of charge at Research Driven Investing.
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