Today’s Research Reports on Trending Tickers: iQIYI and YY Inc.

NEW YORK, NY / ACCESSWIRE / June 8, 2018 / U.S. markets were mixed Thursday as a selloff in technology shares weighed in major indexes. The Dow Jones Industrial Average increased 0.38 percent to close at 25,241.41, as two-thirds of its components closed in the green. The S&P 500 Index fell 0.07 percent to close at 2,770.37, while the Nasdaq Composite Index was down 0.7 percent to close at 7,635.07.

“The selloff in the tech sector today appears to be technical, as these stocks had rallied a lot over the previous sessions, with many shares setting all-time highs,” said Quincy Krosby, chief market strategist, at Prudential Financial.

RDI Initiates Coverage on:

iQIYI, Inc.
https://rdinvesting.com/news/?ticker=IQ

YY Inc.
https://rdinvesting.com/news/?ticker=YY

iQIYI’s stock jumped 6.38% Thursday, to close the day at $30.85. The stock recorded a trading volume of 17,251,295 shares, which was above its three months average volume of 10,880,775 shares. In the last year, iQIYI’s shares have traded in a range of 15.30 – 32.40. The share price has gained 101.63% 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 $20.88 is above its 200-day moving average of $19.90. Shares of iQIYI have gained roughly 88.80 percent in the past month and are up 98.39 percent year-to-date.

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

On Thursday, shares of YY Inc. recorded a trading volume of 3,566,357 shares, which was above the three months average volume of 1,824,925 shares. The stock ended the day 4.17% higher at $109.08. The share price has fallen 23.7% from its 52 week high with a 52 week trading range of 53.21 – 142.97. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $103.05 is below its 200-day moving average of $114.46. Shares of the company are trading at a Price to Earnings ratio of 16.70. Shares of YY Inc. have gained roughly 5.01 percent in the past month and are down 3.52 percent year-to-date.

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

Our Actionable Research on iQIYI, Inc. (NASDAQ:IQ) and YY Inc. (NASDAQ:YY) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

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.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com

ReleaseID: 502131