Today’s Research Reports on Trending Tickers: Shopify and LogMeIn

NEW YORK, NY / ACCESSWIRE / July 31, 2018 / U.S. markets continued to drop on Monday, as tech sector close in the red weighed by majority of the FAANG (Facebook, Apple, Amazon, Netflix and Google parent Alphabet) stocks. The Dow Jones Industrial Average fell 0.57 percent to close at 25,306.83, while the S&P 500 Index was down 0.58 percent to close at 2,802.60. The Nasdaq Composite Index declined 1.39 percent to close at 7,630.00.

“The market is punishing companies that don’t beat on revenue or earnings, or which give a bad outlook. You need to win on all three to do well, and if you miss, like Facebook did, you get pummeled,” said director of global market research at Boston Partners, Michael Mullaney.

RDI Initiates Coverage on:

Shopify Inc.
https://rdinvesting.com/news/?ticker=SHOP

LogMeIn, Inc.
https://rdinvesting.com/news/?ticker=LOGM

Shopify’s stock moved 7.54% lower Monday, to close the day at $148.08. The stock recorded a trading volume of 2,745,106 shares, which was above its three months average volume of 1,508,998 shares. In the last year, Shopify’s shares have traded in a range of 88.21 – 176.60. The share price has gained 67.87% 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 $162.67 is above its 200-day moving average of $140.88. Shares of Shopify have gained roughly 1.50 percent in the past month and are up 46.61 percent year-to-date.

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

On Monday, shares of LogMeIn recorded a trading volume of 2,509,011 shares, which was above the three months average volume of 663,006 shares. The stock ended the day 4.37% higher at $81.25. The share price has fallen 39.73% from its 52 week high with a 52 week trading range of 77.05 – 134.80. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $106.54 is below its 200-day moving average of $115.12. Shares of the company are trading at a Price to Earnings ratio of 29.61. Shares of LogMeIn have fallen roughly 21.31 percent in the past month and are down 29.04 percent year-to-date.

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

Our Actionable Research on Shopify Inc. (NYSE:SHOP) and LogMeIn, Inc. (NASDAQ:LOGM) 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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