WF - Today's Research Reports on Trending Tickers: Snap and Woori Bank

NEW YORK, NY / ACCESSWIRE / September 13, 2018 / U.S. markets were mixed on Wednesday as technology shares declined, dragging the Nasdaq into the red. The Dow Jones Industrial Average climbed 0.11 percent to close at 25,998.92, while the S&P 500 Index jumped 0.04 percent to close at 2,888.92. The Nasdaq Composite Index dropped 0.23 percent to close at 7,954.23. Additionally, Apple’s revealing of its new products the iPhone XS, iPhone XS Max and iPhone XR, didn’t trigger an increase in shares.

According to J.J. Kinahan, chief market strategist at TD Ameritrade, “There’s not any great big news to trade on, so it’s likely we’ll primarily be moving on headlines, which means we can be up one hour and then moving down the next.”

“You have to separate a natural selloff from one driven by a real change in the market. It makes sense that we could see some selling after a remarkable year and a half, especially in areas like tech that have done well. But I don’t see a tone change in the market; the numbers continue to point to a strong economy,” Kinahan added, referring to latest market weakness.

RDI Initiates Coverage on:

Snap Inc.
https://rdinvesting.com/news/?ticker=SNAP

Woori Bank Co., Ltd.
https://rdinvesting.com/news/?ticker=WF

Snap Inc.'s stock moved 6.98% lower Wednesday, to close the day at $9.20. The stock recorded a trading volume of 52,102,682 shares, which was above its three months average volume of 20,436,559 shares. In the last year, Snap Inc.'s shares have traded in a range of 8.90 - 21.22. The share price has gained 3.37% 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 $11.70 is below its 200-day moving average of $13.37. Shares of Snap Inc. have fallen roughly 25.26 percent in the past month and are down 37.03 percent year-to-date.

Access RDI's Snap Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SNAP

On Wednesday, shares of Woori Bank Co., Ltd. recorded a trading volume of 6,474 shares, which was below the three months average volume of 16,456 shares. The stock ended the day 0.74% higher at $43.82. The share price has fallen 10.64% from its 52 week high with a 52 week trading range of 38.29 - 49.04. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $44.08 is above its 200-day moving average of $43.89. Shares of the company are trading at a Price to Earnings ratio of 7.82. Shares of Woori Bank Co., Ltd. have gained roughly 1.11 percent in the past month and are down 1.95 percent year-to-date.

Access RDI's Woori Bank Co., Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=WF

Our Actionable Research on Snap Inc. (NYSE:SNAP) and Woori Bank Co., Ltd. (NYSE:WF) can be downloaded free of charge at Research Driven Investing.

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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.

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SOURCE: RDInvesting.com