NEW YORK, NY / ACCESSWIRE / November 20, 2018 / Wall Street posted sharp losses on Monday as
“Tech continues to be caught in the crosshairs of the triple threat of rising interest rates, global growth fears and trade tensions with China,” according to a chief investment officer at Independent Advisor Alliance, Chris Zaccarelli. “Trade war concerns with China weigh on the global supply chain for large technology companies while global growth fears worry many that future earnings will be lower,” Zaccarelli added.
The Market Edge Initiates Coverage on:
Splunk Inc.
https://marketedgereport.com/report/SPLK/
Nuance Communications, Inc.
https://marketedgereport.com/report/NUAN/
Splunk's stock moved 11.19% lower Monday, to close the day at $89.27. The stock recorded a trading volume of 3,168,447 shares, which was above its three months average volume of 2,653,629 shares. In the last year, Splunk's shares have traded in a range of 64.76 - 130.00. The share price has gained 37.85% 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 $101.25 is below its 200-day moving average of $108.87. Shares of Splunk have fallen roughly 5.83 percent in the past month and are up 7.76 percent year-to-date.
Access The Market Edge’s Splunk Inc. Research Report at:
https://marketedgereport.com/report/SPLK/
On Monday, shares of Nuance Communications recorded a trading volume of 3,067,893 shares, which was above the three months average volume of 2,093,407 shares. The stock ended the day 3.67% lower at $16.27. The share price has fallen 13.23% from its 52
Access The Market Edge’s Nuance Communications, Inc. Research Report at:
https://marketedgereport.com/report/NUAN/
Our Actionable Research on Splunk Inc. (NASDAQ
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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
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SOURCE: MarketEdgeReport