Analysts at Rosenblatt Securities initiated coverage on Rapid7 Inc. (NASDAQ: RPD) stock, starting the company at Buy. A number of other analysts have commented on the stock recently, and the company has earned a consensus one-year price target of $19.71, higher than the opening price, potentially setting up a gain for savvy investors. $18.96.
Typically, after analysts publish an “initiating coverage” report on a stock, they will subsequently issue periodic updates.
On Friday, while the market looked for direction on monetary policy, Fed Chairwoman Janet Yellen was ambiguous, saying only the case for a rate hike had “strengthened” but offered indication of when that might occur.
The markets responded, again demonstrating its dislike for the uncertain.
All three major indices were higher in early trade, but a mid-day sell-off sent stocks into the red, with only the tech-heavy Nasdaq managing to regain positive territory by the close.
The Dow Jones Industrial Average fell 53 points, or 0.29 percent, to 18,395.
The S&P 500 fell around 3 points, or 0.16 percent, to 2,169.
The Nasdaq climbed 7 points, or 0.13 percent, to end the week at 5,219.
Rapid7 Inc. (NASDAQ: RPD) opened at $18.96 today and has traded in a range between, $18.57 and $18.96. The last trade was at $18.75, representing change of or 0.70%.
Stock often cam move up or down on analysts reports and Rapid7 Inc. (NASDAQ: RPD) shares traded to the downside, $0.13 per share or 0.70 percent.
Rapid7 Inc. (NASDAQ: RPD) now has a market cap of $761.87M
The stock’s average daily volume is 262,155 shares out of a total float 15,789,000 and some 249,947 shares traded hands on Friday, 11 percent lower than normal.
Look for increasing trading volume in trading activity today and going forward.
The most common applications of moving averages are to identify the trend direction and to determine support and resistance levels.
Rapid7 Inc. (NASDAQ: RPD) now has a 50-day MA is $14.85 and 200-day MA is $13.30, and it has traded in a 52-week range between $9.05 – 25.19
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