NEW YORK, NY / ACCESSWIRE / June 8, 2018 / U.S. markets were mixed Thursday as a selloff in technology shares weighed in major indexes. The Dow Jones Industrial Average increased 0.38 percent to close at 25,241.41, as two-thirds of its components closed in the green. The S&P 500 Index fell 0.07 percent to close at 2,770.37, while the Nasdaq Composite Index was down 0.7 percent to close at 7,635.07.
"The selloff in the tech sector today appears to be technical, as these stocks had rallied a lot over the previous sessions, with many shares setting all-time highs," said Quincy Krosby, chief market strategist, at Prudential Financial.
RDI Initiates Coverage on:
Transocean Ltd.
https://rdinvesting.com/news/?ticker=RIG
Whiting Petroleum Corporation
https://rdinvesting.com/news/?ticker=WLL
Transocean's stock jumped 4.25% Thursday, to close the day at $13.48. The stock recorded a trading volume of 16,167,355 shares, which was above its three months average volume of 14,687,689 shares. In the last year, Transocean's shares have traded in a range of 7.20 - 14.16. The share price has gained 87.22% 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 $12.74 is above its 200-day moving average of $10.91. Shares of Transocean have gained roughly 10.04 percent in the past month and are up 26.22 percent year-to-date.
Access RDI's Transocean Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=RIG
On Thursday, shares of Whiting Petroleum recorded a trading volume of 4,923,962 shares, which was above the three months average volume of 4,886,923 shares. The stock ended the day 4.37% higher at $54.66. The share price has fallen 0.74% from its 52 week high with a 52 week trading range of 15.88 - 55.07. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $46.77 is above its 200-day moving average of $32.97. Shares of Whiting Petroleum have gained roughly 21.33 percent in the past month and are up 106.42 percent year-to-date.
Access RDI's Whiting Petroleum Corporation Research Report at:
https://rdinvesting.com/news/?ticker=WLL
Our Actionable Research on Transocean Ltd. (NYSE:RIG) and Whiting Petroleum Corporation (NYSE:WLL) can be downloaded free of charge at Research Driven Investing.
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