Today’s Research Reports on Trending Tickers: TiVo Corporation and Fitbit, Inc.
NEW YORK, NY / ACCESSWIRE / December 7, 2017 / U.S. markets were mixed Wednesday as weakness in mining and energy stocks offset a rally from the technology sector. The Dow Jones Industrial Average dropped 0.16 percent close at 24,140.91, while the S&P 500 Index declined 0.01 percent to close at 2,629.27. The Nasdaq Composite Index rose 0.21 percent to close at 6,776.38. Energy stocks slumped as crude oil prices slid 2.9 percent on Wednesday. The tech rally was led by Facebook, with a gain of 1.87 percent, after analysts at Evercore ISI initiated coverage on the company with an “outperform" rating.
"Today's leading tech companies are leveraging the internet to disrupt and take profits from large established industries, a dynamic that is driving real earnings and free cash flow growth," wrote DiClemente wrote Evercore ISI analyst, in a note to clients on Tuesday. "Beyond that, smartphone ubiquity, the transition from offline to digital marketplaces, and continued growth in user adoption of emerging/established digital platforms are providing fuel for the next legs of growth."
RDI Initiates Coverage on:
TiVo Corporation
https://rdinvesting.com/news/?ticker=TIVO
Fitbit, Inc.
https://rdinvesting.com/news/?ticker=FIT
TiVo Corporation's stock edged 0.93% higher Wednesday, to close the day at $16.20. The stock recorded a trading volume of 1,015,659 shares, which was above its three months average volume of 759,753 shares. In the last year, TiVo Corporation's shares have traded in a range of 15.15 - 21.90. The stock is currently trading 26.03% below its 52-week high. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $17.86 is below its 200-day moving average of $18.40. Shares of TiVo Corporation have fallen roughly 7.69 percent in the past month and are down 22.49 percent year-to-date.
Access RDI's TiVo Corporation Research Report at:
https://rdinvesting.com/news/?ticker=TIVO
On Wednesday, shares in Fitbit, Inc. recorded a trading volume of 2,952,792 shares, which was below the three months average volume of 5,759,682 shares. The stock ended the day 1.80% higher at 6.78. The share price has gained 38.37% from its 52-week low with a 52-week trading range of 4.90 - 8.40.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $6.26 is greater than its 200-day moving average of $5.88. Shares of Fitbit, Inc. have gained roughly 11.88 percent in the past month and are down 7.38 percent year-to-date.
Access RDI's Fitbit, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FIT
Our Actionable Research on TiVo Corporation (NASDAQ:TIVO) and Fitbit, Inc. (NYSE:FIT) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
contact@rdinvesting.com
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com
