Today’s Research Reports on Trending Tickers: Alibaba and Momo

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:

Alibaba Group Holding Limited
https://rdinvesting.com/news/?ticker=BABA

Momo Inc.
https://rdinvesting.com/news/?ticker=MOMO

Alibaba’s stock moved 1.08% lower on Monday, to close the day at $203.01. The stock recorded a trading volume of 21,902,112 shares, which was above its three months average volume of 20,502,375 shares. In the last year, Alibaba’s shares have traded in a range of 100.02 – 205.69. The share price has gained 102.97% 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 $182.38 is greater than its 200-day moving average of $174.41. Shares of Alibaba are trading at a trailing Price to Earnings ratio of 54.66. Shares of Alibaba have gained roughly 17.73 percent in the past month.

Access RDI’s Alibaba Group Holding Limited Research Report at:
https://rdinvesting.com/news/?ticker=BABA

On Monday, shares of Momo recorded a trading volume of 8,936,770 shares, which was above the three months average volume of 5,384,880 shares. The stock ended the day 4.59% higher at 31.69. The share price has gained 47.19% from its 52 week low with a 52 week trading range of 21.53 – 46.69. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $26.58 is below its 200-day moving average of $33.13. Shares of the company are trading at a trailing Price to Earnings ratio of 21.48. Shares of Momo have gained roughly 29.45 percent in the past month.

Access RDI’s Momo Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MOMO

Our Actionable Research on Alibaba Group Holding Limited (NYSE:BABA) and Momo Inc. (NASDAQ:MOMO) 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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