Today's Research Reports on Trending Tickers: Blue Apron Holdings Inc. and Snap Inc.

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Accesswire 10-Aug-2017 8:00 AM
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NEW YORK, NY / ACCESSWIRE / August 10, 2017 / Disappointing quarterly results combined with rising geopolitical tensions Wednesday to pressure U.S. markets lower on Wednesday. On Wednesday, North Korean leader Kim Jong Un responded to President Trump's warning to North Korea with a potential threat of a missile strike against U.S. territory Guam, sending major defense stocks to new all-time highs. The Dow Jones Industrial Average declined 0.17 percent to close at 22,048.70, while the S&P 500 Index dipped 0.04 percent to close at 2,474.02. The NASDAQ Composite Index fell 0.28 percent to close at 6,352.33.
"Definitely the primary reason stocks are down is geopolitical tensions," said J.J. Kinahan, Chief Strategist at TD Ameritrade, in an interview, according to MarketWatch. "But that's coming off 10 days higher on the Dow and we're still at highs. As much as we'd like to see the market go straight up, there's got to be a day of reckoning."
RDI Initiates Coverage on:
Blue Apron Holdings Inc. https://ub.rdinvesting.com/news/?ticker=APRN
Snap Inc. https://ub.rdinvesting.com/news/?ticker=SNAP
Blue Apron Holdings Inc.'s stock jumped 7.40% Wednesday, to close the day at $6.24. The stock recorded a trading volume of 4,903,103 shares, which was below its three months average volume of 6,522,210 shares. In the last year Blue Apron Holdings Inc.'s shares have traded in a range of 5.51 - 11.00. The stock is currently trading 43.27% below its 52 week high. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $7.32 is at its 200-day moving average of $7.32. Shares of Blue Apron have fallen approximately 37.6 percent year-to-date.
Access RDI's Blue Apron Holdings Inc. Research Report at: https://ub.rdinvesting.com/news/?ticker=APRN
On Wednesday, shares of Snap Inc. recorded a trading volume of 26,831,893 shares, which was above the three months average volume of 21,980,900 shares. The stock ended the day 4.15% higher at 13.56. The stock is currently trading 53.94% below its 52 week high with a 52 week trading range of 11.90 - 29.44.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $15.61 is below its 200-day moving average of $19.35. Shares of Snap have fallen approximately 44.61 percent year-to-date.
Access RDI's Snap Inc. Research Report at: https://ub.rdinvesting.com/news/?ticker=SNAP
Our Actionable Research on Blue Apron Holdings Inc. (NYSE: APRN) and Snap Inc. (NYSE: SNAP) can be downloaded free of charge at Research Driven Investing.
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