Today’s Research Reports on Trending Tickers: Bitcoin Investment Trust and Overstock.com

NEW YORK, NY / ACCESSWIRE / January 30, 2018 / U.S. markets posted their worst day of 2018 on Monday as the yield on the benchmark 10-year Treasury note traded at the highest level since April 2014. The Dow Jones Industrial Average fell 0.67 percent to close at 26,439.48, while the S&P 500 Index declined 0.67 percent to close at 2,853.53. The Nasdaq Composite Index dropped 0.52 percent to close at 7,466.51.

“The rebound in the dollar and of course with the 10-year yield at 2.71[%] that’s a little bit of a challenge for the market here, especially if we continue to rise,” said Peter Cardillo, chief market economist at First Standard Financial, according to MarketWatch.

RDI Initiates Coverage on:

Bitcoin Investment Trust
https://rdinvesting.com/news/?ticker=GBTC

Overstock.com, Inc.
https://rdinvesting.com/news/?ticker=OSTK

Bitcoin Investment’s stock jumped 5.88% on Monday, to close the day at $19.14. The stock recorded a trading volume of 4,823,899 shares, which was above its three months average volume of 127,211 shares. In the last year, Bitcoin Investment’s shares have traded in a range of 18.77 – 3,523.00. The stock is currently trading 99.46% below its 52 week high. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $23.02 is greater than its 200-day moving average of $11.90. Shares of Bitcoin Investment have fallen roughly 13.6 percent in the past month.

Access RDI’s Bitcoin Investment Trust Research Report at:
https://rdinvesting.com/news/?ticker=GBTC

On Monday, shares of Overstock.com recorded a trading volume of 3,604,805 shares, which was below the three months average volume of 4,594,122 shares. The stock ended the day 4.16% higher at 77.55. The share price has gained 464.00% from its 52 week low with a 52 week trading range of 13.75 – 89.80. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $72.02 is greater than its 200-day moving average of $40.64. Shares of Overstock.com have gained roughly 21.36 percent in the past month.

Access RDI’s Overstock.com, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=OSTK

Our Actionable Research on Bitcoin Investment Trust (OTCMKTS:GBTC) and Overstock.com, Inc. (NASDAQ:OSTK) 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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