EB - Today's Research Reports on Trending Tickers: Symantec and Eventbrite
NEW YORK, NY / ACCESSWIRE / January 29, 2019 / U.S. equities plunged on Monday following Caterpillar’s weaker-than-expected earnings report that dragged the tech sector lower. Additionally, fears over slowdown in China’s economic growth were reignited after Nvidia shrink its revenue forecast for the fourth quarter from $2.7 billion to $2.2 billion. The Dow Jones Industrial Average dropped 0.84 percent to close at 24,528.22, while the S&P 500 declined 0.78 percent to settle at 2,643.85. The Nasdaq was down 1.11 percent to close at 7,085.68.
“The Nvdia profit warning is [hurting market sentiment] more than the Caterpillar earnings miss,” said chief executive of the Opportunistic Trader, Larry Benedict. “Slowing demand in China hit them hard,” he added, causing the market to be anxious that Chinese “demand has slowed more than people imagine.”
The Market Wealth Report Initiates Coverage on:
Symantec Corporation
https://marketwealthreport.com/report/SYMC/
Eventbrite, Inc.
https://marketwealthreport.com/report/EB/
Symantec’s stock moved 2.31% higher Monday, to close the day at $20.85. The stock recorded a trading volume of 11,690,714 shares, which was above its three months average volume of 7,949,981 shares. In the last year, Symantec’s shares have traded in a range of 17.43 - 29.20. The share price has gained 19.62% 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 $19.94 is below its 200-day moving average of $20.40. Shares of the company are trading at a Price to Earnings ratio of 11.57. Shares of Symantec have gained roughly 12.04 percent in the past month and are up 10.32 percent year-to-date.
Access The Market Wealth's Symantec Corporation Research Report:
https://marketwealthreport.com/report/SYMC/
On Monday, shares of Eventbrite recorded a trading volume of 71,575 shares, which was below the three months average volume of 265,916 shares. The stock ended the day 3.31% higher at $31.80. The share price has fallen 20.99% from its 52 week high with a 52 week trading range of 24.67 - 40.25. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $30.21 is below its 200-day moving average of $30.27. Shares of Eventbrite have gained roughly 8.31 percent in the past month and are up 14.35 percent year-to-date.
Access The Market Wealth's Eventbrite, Inc. Research Report:
https://marketwealthreport.com/report/EB/
Our Actionable Research on Symantec Corporation (NASDAQ:SYMC) and Eventbrite, Inc. (NYSE:EB) can be downloaded free of charge at The Market Wealth Report.
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SOURCE: The Market Wealth Report