Today’s Research Reports on Trending Tickers: Fitbit and Roku

NEW YORK, NY / ACCESSWIRE / January 26, 2018 / Strong earnings from major companies such as 3M and Boeing helped lift the Dow and S&P 500 to new record highs on Thursday. The Dow Jones Industrial Average jumped 0.54 percent to close at 26,392.79, while the S&P 500 Index rose 0.06 percent to close at 2,839.25. The Nasdaq Composite Index hit a high of 7,458.53 in early trading before settling to close at 7,411.16, down 0.05 percent.

“The numbers companies are releasing, along with the upbeat views from executives, is helping analysts lift their estimates and that’s helping stocks advance,” said Mark Luschini, chief investment strategist at Janney, according to CNBC. “You [also] have strong U.S. and overseas economic growth, and that is supportive for stocks.”

RDI Initiates Coverage on:

Fitbit, Inc.
https://rdinvesting.com/news/?ticker=FIT

Roku, Inc.
https://rdinvesting.com/news/?ticker=ROKU

Fitbit’s stock moved 1.28% lower Thursday, to close the day at $5.42. The stock recorded a trading volume of 4,342,201 shares, which was below its three months average volume of 5,236,790 shares. In the last year, Fitbit’s shares have traded in a range of 4.90 – 7.47. The stock is currently trading 27.44% below its 52 week high. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $6.07 is at its 200-day moving average of $6.07. Shares of Fitbit have fallen roughly 9.82 percent in the past month and are down 5.08 percent year-to-date.

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

On Thursday, shares of Roku recorded a trading volume of 3,930,072 shares, which was below the three months average volume of 9,903,514 shares. The stock ended the day 4.38% higher at 44.10. The share price has gained 180.00% from its 52 week low with a 52 week trading range of 15.75 – 58.80. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $47.74 is greater than its 200-day moving average of $36.29. Shares of Roku have fallen roughly 14.57 percent in the past month and are up 14.83 percent year-to-date.

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

Our Actionable Research on Fitbit, Inc. (NYSE:FIT) and Roku, Inc. (NASDAQ:ROKU) 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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