NEW YORK, NY / ACCESSWIRE / October 10, 2018 / U.S. equities finished mostly lower on Tuesday as interest rate increases and rising bond yields continued to put pressure on stocks. The Dow Jones Industrial Average declined 0.21 percent to close at 26,430.57, while the S&P 500 Index decreased 0.14 percent to close at 2,880.34. The Nasdaq Composite Index closed up 0.03 percent to close at 7,738.02, fueled by gains in tech shares.
“We continue to believe the curve should flatten as the Fed continues on their tightening path and see real money demand for the long-end offsetting higher supply. On balance, the risks to our forecasts are skewed toward higher rate levels and a flatter curve, though it may take a further improvement in productivity or global growth to shift rates materially upward,” said Mark Cabana, a rates strategist at Bank of America Merrill Lynch.
RDI Initiates Coverage on:
Agile Therapeutics, Inc.
https://rdinvesting.com/news/?ticker=AGRX
Horizon Pharma Public Limited Company
https://rdinvesting.com/news/?ticker=HZNP
Agile Therapeutics' stock jumped 53.71% Tuesday, to close the day at $0.71. The stock recorded a trading volume of 58,487,034 shares, which was above its three months average volume of 2,191,276 shares. In the last year, Agile Therapeutics' shares have traded in a range of 0.23 - 5.40. The share price has gained 208.7% 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 $0.35 is below its 200-day moving average of $1.09. Shares of Agile Therapeutics have gained roughly 136.67 percent in the past month and are down 73.61 percent year-to-date.
Access RDI's Agile Therapeutics, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AGRX
On Tuesday, shares of Horizon Pharma recorded a trading volume of 1,004,403 shares, which was below the three months average volume of 1,254,720 shares. The stock ended the day 3.03% higher at $18.70. The share price has fallen 12% from its 52 week high with a 52 week trading range of 12.55 - 21.25. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $19.85 is above its 200-day moving average of $17.08. Shares of Horizon Pharma have fallen roughly 9.22 percent in the past month and are up 28.08 percent year-to-date.
Access RDI's Horizon Pharma Public Limited Company Research Report at:
https://rdinvesting.com/news/?ticker=HZNP
Our Actionable Research on Agile Therapeutics, Inc. (NASDAQ:AGRX) and Horizon Pharma Public Limited Company (NASDAQ:HZNP) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com