Today’s Research Reports on Trending Tickers: Dropbox and Yelp

NEW YORK, NY / ACCESSWIRE / May 11, 2018 / U.S. markets eked out gains on Thursday, on the back of positive economic data and strong performance from the technology sector. The technology sector has gained almost 7% in May which is a much steeper gain than any other sector. The Dow Jones Industrial Average jumped 0.80 percent to close at 24,739.53, logging its 6th day of gain, while the S&P 500 Index spiked 0.94 percent to close at 2,723.07. The Nasdaq Composite Index rose 0.89 percent to close at 7,404.97.

“Because this handful of stocks (in technology sector) are continuing to lead, it will be hard to get the kind of market breadth that you’d like to see signal a more positive backdrop. I’d like to see broader participation, and more trading volume on positive days. Until we get that, then I’m not sure that the consolidation phase has ended,” said William Delwiche, an investment strategist at Robert W. Baird.

RDI Initiates Coverage on:

Dropbox, Inc.
https://rdinvesting.com/news/?ticker=DBX

Yelp Inc.
https://rdinvesting.com/news/?ticker=YELP

Dropbox’s stock moved 1.91% higher Thursday, to close the day at $32.00. The stock recorded a trading volume of 5,166,510 shares, which was below its three months average volume of 5,333,479 shares. In the last year, Dropbox’s shares have traded in a range of 27.75 – 34.83. The share price has gained 15.32% from its 52 week low. The company’s shares are currently trading above their 50-day moving average of $30.23. Shares of Dropbox have gained roughly 2.47 percent in the past month and are up 12.36 percent since its IPO on March 23rd.

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

On Thursday, shares of Yelp recorded a trading volume of 3,531,214 shares, which was above the three months average volume of 1,088,516 shares. The stock ended the day 0.35% lower at 47.75. The share price has gained 76.13% from its 52 week low with a 52 week trading range of 27.11 – 48.40. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $43.87 is below its 200-day moving average of $43.98. Shares of Yelp are trading at a Price to Earnings ratio of 27.29. Shares of Yelp have gained roughly 9.72 percent in the past month and are up 13.80 percent year-to-date.

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

Our Actionable Research on Dropbox, Inc. (NASDAQ :DBX) and Yelp Inc. (NYSE :YELP) 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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