Today’s Research Reports on Trending Tickers: Chevron and Diamond Offshore Drilling

NEW YORK, NY / ACCESSWIRE / June 28, 2018 / U.S. equities fell sharply on Wednesday, weighed by losses from the consumer staples and technology sectors. The Dow Jones Industrial Average decreased 0.68 percent to close at 24,117.59, while the S&P 500 Index fell 0.86 percent to close at 2,699.63. The Nasdaq Composite Index declined 1.54 percent to close at 7,455.09.

“To a certain degree, investors are looking for something to be worried about. Stocks aren’t far from all-time highs, and for a lot of people that’s hard to justify,” said Dan Wantrobski, director of research at Janney Montgomery Scott. “However, I think volatility is returning to the U.S. market and that we could see another correction cycle. I’m not calling for a structural downturn, but tariffs and trade wars could exacerbate the weakness,” Wantrobski added.

RDI Initiates Coverage on:

Chevron Corporation
https://rdinvesting.com/news/?ticker=CVX

Diamond Offshore Drilling, Inc.
https://rdinvesting.com/news/?ticker=DO

Chevron’s stock moved 1.48% higher Wednesday, to close the day at $126.00. The stock recorded a trading volume of 6,339,517 shares, which was below its three months average volume of 6,715,131 shares. In the last year, Chevron’s shares have traded in a range of 102.55 – 133.88. The share price has gained 22.87% 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 $126.17 is above its 200-day moving average of $121.84. Shares of the company are trading at a Price to Earnings ratio of 23.57. Shares of Chevron have gained roughly 3.12 percent in the past month and are up 0.65 percent year-to-date.

Access RDI’s Chevron Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CVX

On Wednesday, shares of Diamond Offshore Drilling recorded a trading volume of 4,254,068 shares, which was above the three months average volume of 1,694,193 shares. The stock ended the day 10.75% higher at $21.22. The share price has fallen 1.35% from its 52-week high with a 52-week trading range of 10.09 – 21.51. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $18.95 is above its 200-day moving average of $17.53. Shares of the company are trading at a Price to Earnings ratio of 212.20. Shares of Diamond Offshore Drilling have gained roughly 19.62 percent in the past month and are up 14.15 percent year-to-date.

Access RDI’s Diamond Offshore Drilling, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=DO

Our Actionable Research on Chevron Corporation (NYSE :CVX) and Diamond Offshore Drilling, Inc. (NYSE :DO) 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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