ARES - Today's Research Reports on Trending Tickers: Ares Management and Citigroup
NEW YORK, NY / ACCESSWIRE / March 23, 2018 / U.S. markets slumped Thursday as concerns over a potential trade war with China continue to grow. The Dow Jones Industrial Average dropped 2.93 percent to close at 23,957.89, while the S&P 500 Index fell 2.52 percent to close at 2,643.69. The Nasdaq Composite Index declined 2.43 percent to close at 7,166.68. On Thursday, the Trump administration unveiled tariffs totaling up to $60 billion on Chinese products.
"Trump's protectionism is making investors nervous," Dario Perkins, managing director of global macro at TS Lombard, said in a note Thursday, according to CNBC. "Past experience suggests these policies are flawed, while even moderate trade barriers could disrupt today's complex global supply chains."
RDI Initiates Coverage on:
Ares Management L.P.
https://rdinvesting.com/news/?ticker=ARES
Citigroup, Inc.
https://rdinvesting.com/news/?ticker=C
Ares Management's stock moved 3.56% higher Thursday, to close the day at $21.80. The stock recorded a trading volume of 1,596,068 shares, which was above its three months average volume of 374,528 shares. In the last year, Ares Management's shares have traded in a range of 17.25 - 25.95. The share price has gained 26.38% 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 $22.88 is greater than its 200-day moving average of $20.32. Shares of the company are trading at a Price to Earnings ratio of 35.16. Shares of Ares Management have fallen roughly 9.54 percent in the past month and are up 9 percent year-to-date.
Access RDI's Ares Management L.P. Research Report at:
https://rdinvesting.com/news/?ticker=ARES
On Thursday, shares of Citigroup recorded a trading volume of 27,652,345 shares, which was above the three months average volume of 16,408,856 shares. The stock ended the day 4.11% lower at 70.31. The share price has gained 24.33% from its 52-week low with a 52-week trading range of 56.55 - 80.70. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $75.15 is greater than its 200-day moving average of $74.15. Shares of Citigroup have fallen roughly 7.81 percent in the past month and are down 5.51 percent year-to-date.
Access RDI's Citigroup, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=C
Our Actionable Research on Ares Management L.P. represent (NYSE:ARES) and Citigroup, Inc. (NYSE:C) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com