Today’s Research Reports on Trending Tickers: Nutanix and Workday

NEW YORK, NY / ACCESSWIRE / June 1, 2018 / U.S. markets closed sharply lower on Thursday as the U.S. decided to impose tariffs on steel and aluminum imports from Canada, Mexico and the European Union. The tariffs incited promises of retaliation by trade partners and raised fears of a potential trade war. The Dow Jones Industrial Average dropped 1.02 percent to close at 24,415.84, while the S&P 500 Index declined 0.69 percent to close at 2,705.27. The Nasdaq Composite Index was down 0.27 percent to close at 7,442.12.

“The initial round of tariff threats by the Trump administration and the promises of retaliation by trade partners earlier this year were initially viewed by investors as opening gambits in negotiations that would lead to agreements,” said Art Hogan, chief market strategist at B. Riley FBR.

RDI Initiates Coverage on:

Nutanix, Inc.
https://rdinvesting.com/news/?ticker=NTNX

Workday, Inc.
https://rdinvesting.com/news/?ticker=WDAY

Nutanix, Inc.’s stock moved 1.73% lower Thursday, to close the day at $53.45. The stock recorded a trading volume of 2,361,148 shares, which was below its three months average volume of 4,319,753 shares. In the last year, Nutanix, Inc.’s shares have traded in a range of 16.64 – 60.00. The share price has gained 221.21% 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 $54.75 is above its 200-day moving average of $42.72. Shares of Nutanix have gained roughly 5.65 percent in the past month and are up 51.5 percent year-to-date.

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

On Thursday, shares of Workday recorded a trading volume of 2,062,479 shares, which was above the three months average volume of 1,574,070 shares. The stock ended the day 0.62% lower at $130.96. The share price has fallen 6.39% from its 52 week high with a 52 week trading range of 92.79 – 139.90. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $130.40 is above its 200-day moving average of $120.55. Shares of Workday have gained roughly 4.90 percent in the past month and are up 28.72 percent year-to-date.

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

Our Actionable Research on Nutanix, Inc. (NASDAQ : NTNX ) and Workday, Inc. (NASDAQ :WDAY) 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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