NEW YORK, NY / ACCESSWIRE / December 10, 2018 / U.S. stocks closed in the red on Friday as U.S. jobs report fell short of expectations and uncertainty over the U.S. -China trade talk spur markets lower. The Dow Jones Industrial Average fell 2.24 percent to close at 24,388.95, while the S&P 500 Index decreased 2.33 percent to close at 2,633.08. The Nasdaq Composite Index dropped 3.05 percent to close at 6,969.25. The U.S. Labor Department reported an increase of 155,000 jobs in November, compared to 190,000 increase forecasted economists polled by MarketWatch. For the week, the Dow Jones shed 4.5 percent, while the S&P 500 and Nasdaq declined 4.6 percent and 4.9 percent, respectively.
The Market Edge Initiates Coverage on:
Viper Energy Partners LP
https://marketedgereport.com/report/VNOM/
Whiting Petroleum Corporation
https://marketedgereport.com/report/WLL/
Viper Energy's stock jumped 5.08% Friday, to close the day at $28.33. The stock recorded a trading volume of 655,300 shares, which was below its three months average volume of 720,114 shares. In the last year, Viper Energy’s shares have traded in a range of 20.97 - 44.00. The share price has gained 35.1% 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 $31.93 is below its 200-day moving average of $34.61. Shares of the company are trading at a Price to Earnings ratio of 13.23. Shares of Viper Energy have fallen roughly 10.88 percent in the past month and are up 21.43 percent year-to-date.
Access The Market Edge's Viper Energy Partners LP Research Report:
https://marketedgereport.com/report/VNOM/
On Friday, shares of Whiting Petroleum recorded a trading volume of 8,360,871 shares, which was above the three months average volume of 3,441,810 shares. The stock ended the day 3.39% higher at $29.90. The share price has fallen 47.05% from its 52 week high with a 52 week trading range of 21.38 - 56.47. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $33.20 is below its 200-day moving average of $45.43. Shares of Whiting Petroleum have fallen roughly 17.13 percent in the past month and are up 12.92 percent year-to-date.
Access The Market Edge's Whiting Petroleum Corporation Research Report:
https://marketedgereport.com/report/WLL/
Our Actionable Research on Viper Energy Partners LP (NASDAQ:VNOM) and Whiting Petroleum Corporation (NYSE:WLL) can be downloaded free of charge at The Market Edge.
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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.
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SOURCE: MarketEdgeReport
Source: ACCESSWIRE Investor Awareness
(December 10, 2018 - 7:55 AM EST)
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