Today’s Research Reports on Trending Tickers: Roku and The Michaels Companies

NEW YORK, NY / ACCESSWIRE / March 27, 2018 / U.S markets rallied Monday, after posting their worst weekly loss in two years last week, on easing tensions between the U.S. and China. The Dow Jones Industrial Average gained 2.84 percent to close at 24,202.60, while the S&P 500 Index jumped 2.72 percent to close at 2,658.55. The Nasdaq Composite Index spiked 3.26 percent to close at 7,220.54. The Wall Street Journal has reported that officials from China and the U.S. have begun negotiations “to improve U.S. access to mainland Chinese markets.”

“Big positive moves in stocks tend to come after biggest down days, and today’s action looks like a technical bounce, just because markets were so weak for days,” said Mike Antonelli, equity sales trader at Robert W. Baird & Co., according to MarketWatch.

RDI Initiates Coverage on:

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

The Michaels Companies, Inc.
https://rdinvesting.com/news/?ticker=MIK

Roku’s stock jumped 7.89% Monday, to close the day at $34.59. The stock recorded a trading volume of 5,476,389 shares, which was above its three months average volume of 4,680,167 shares. In the last year, Roku’s shares have traded in a range of 15.75 – 58.80. The share price has gained 119.62% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $40.28 is greater than its 200-day moving average of $37.71. Shares of Roku have fallen roughly 14.47 percent in the past month and are down 33.20 percent year-to-date.

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

On Monday, shares of The Michaels Companies recorded a trading volume of 4,473,877 shares, which was above the three months average volume of 1,958,898 shares. The stock ended the day 5.74% higher at 20.08. The share price has gained 16.41% from its 52-week low with a 52-week trading range of 17.25 – 27.87. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $23.28 is greater than its 200-day moving average of $22.28. Shares of the company are trading at a Price to Earnings ratio of 10.07. Shares of The Michaels Companies have fallen roughly 17.06 percent in the past month and are down 16.99 percent year-to-date.

Access RDI’s The Michaels Companies, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MIK

Our Actionable Research on Roku, Inc. (NASDAQ:ROKU) and The Michaels Companies, Inc. (NASDAQ:MIK) 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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