Today’s Research Reports on Trending Tickers: iQIYI and Snap

NEW YORK, NY / ACCESSWIRE / May 31, 2018 / U.S. equities rebounded on Wednesday, lifted by strong performance from the energy sector and worries over Italy’s political crisis eased. The Dow Jones Industrial Average increased 1.26 percent to close at 24,667.78, while the S&P 500 Index climbed 1.27 percent to close at 2,724.01. The Nasdaq Composite Index was up 0.89 percent to close at 7,462.45.

“The fact that the market is shrugging off Italy’s political drama suggests that maybe it was a crowded trade that was being unwound and not something more serious,” said Michael Antonelli, equity sales trader at Robert W. Baird & Co.

“Anything coming from the left field can shatter markets nowadays, so we have to brace for a long summer grind,” Antonelli added.

RDI Initiates Coverage on:

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

Snap Inc.
https://rdinvesting.com/news/?ticker=SNAP

iQIYI’s stock jumped 11.40% Wednesday, to close the day at $25.71. The stock recorded a trading volume of 16,811,929 shares, which was above its three months average volume of 9,503,141 shares. In the last year, iQIYI’s shares have traded in a range of 15.30 – 25.99. The share price has gained 68.04% 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 $19.58 is greater than its 200-day moving average of $18.93. Shares of iQIYI have gained roughly 42.60 percent in the past month and are up 65.34 percent year-to-date.

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

On Wednesday, shares of Snap recorded a trading volume of 28,700,074 shares, which was above the three months average volume of 24,370,193 shares. The stock ended the day 3.98% higher at 10.97. The stock is currently trading 48.86% below its 52 week high with a 52 week trading range of 10.50 – 21.45. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $12.51 is below its 200-day moving average of $14.70. Shares of Snap have fallen roughly 23.45 percent in the past month and are down 24.91 percent year-to-date.

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

Our Actionable Research on iQIYI, Inc. (NASDAQ:IQ) and Snap Inc. (NYSE:SNAP) 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: 501347