Today’s Research Reports on Trending Tickers: CVR Refining and HollyFrontier

NEW YORK, NY / ACCESSWIRE / May 30, 2018 / U.S. equities plunged on Tuesday as market participants digested fresh political drama in Italy. The Dow Jones Industrial Average dropped 1.58 percent to close at 24,361.45, erasing year-to-date gains, while the S&P 500 Index declined 1.16 percent to close at 2,689.86, weighed by losses in financial sector. The Nasdaq Composite Index was down 0.50 percent to close at 7,396.59.

“Today’s selling is happening on a larger volume, which is concerning. It means that investors are now worried about contagion from the fallout in Italy,” said Joe Saluzzi, partner and co-head of equity trading at Themis Trading. “Selling can unravel pretty quickly if we find out that a hedge fund holding Italian bonds is forced to sell good assets, triggering unwinding of other funds,” Saluzzi added.

RDI Initiates Coverage on:

CVR Refining, LP
https://rdinvesting.com/news/?ticker=CVRR

HollyFrontier Corporation
https://rdinvesting.com/news/?ticker=HFC

CVR Refining’s stock jumped 8.37% Tuesday, to close the day at $23.95. The stock recorded a trading volume of 4,153,593 shares, which was above its three months average volume of 599,718 shares. In the last year, CVR Refining’s shares have traded in a range of 6.70 – 26.00. The share price has gained 257.46% 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 $18.33 is above its 200-day moving average of $15.30. Shares of the company are trading at a Price to Earnings ratio of 39.78. Shares of CVR Refining have gained roughly 40.88 percent in the past month and are up 44.71 percent year-to-date.

Access RDI’s CVR Refining, LP Research Report at:
https://rdinvesting.com/news/?ticker=CVRR

On Tuesday, shares of HollyFrontier recorded a trading volume of 2,734,444 shares, which was above the three months average volume of 2,394,088 shares. The stock ended the day 2.97% higher at $74.85. The share price has fallen 1.91% from its 52-week high with a 52-week trading range of 23.46 – 76.31. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $64.56 is above its 200-day moving average of $51.85. Shares of the company are trading at a Price to Earnings ratio of 16.56. Shares of HollyFrontier have gained roughly 23.84 percent in the past month and are up 46.13 percent year-to-date.

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

Our Actionable Research on CVR Refining, LP (NYSE :CVRR) and HollyFrontier Corporation (NYSE :HFC) 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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