Today’s Research Reports on Trending Tickers: Sprint and Verizon
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:
Verizon Communications Inc.
Sprint’s stock moved 0.95% higher Tuesday, to close the day at $5.31. The stock recorded a trading volume of 9,745,224 shares, which was below its three months average volume of 16,530,681 shares. In the last year, Sprint’s shares have traded in a range of 4.81 – 8.92. The share price has gained 10.4% 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 $5.32 is below its 200-day moving average of $5.44. Shares of the company are trading at a Price to Earnings ratio of 2.93. Shares of Sprint have gained roughly 2.91 percent in the past month and are down 9.85 percent year-to-date.
Access RDI’s Sprint Corporation Research Report at:
On Tuesday, shares of Verizon Communications recorded a trading volume of 15,597,389 shares, which was above the three months average volume of 14,606,228 shares. The stock ended the day 0.99% lower at $48.81. The share price has fallen 10.88% from its 52 week high with a 52 week trading range of 42.80 – 54.77. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $48.44 is below its 200-day moving average of $49.79. Shares of the company are trading at a Price to Earnings ratio of 6.40. Shares of Verizon Communications have gained roughly 0.39 percent in the past month and are down 7.78 percent year-to-date.
Access RDI’s Verizon Communications Inc. Research Report at:
Our Actionable Research on Sprint Corporation (NYSE:S) and Verizon Communications Inc. (NYSE:VZ) can be downloaded free of charge at Research Driven Investing.
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