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Today’s Research Reports on Trending Tickers: Bitcoin Investment Trust and Riot Blockchain

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03/07/2018 | 02:31pm CEST

NEW YORK, NY / ACCESSWIRE / March 7, 2018 / U.S. markets had a topsy-turvy day as concerns of a potential trade war, a result of tariffs proposed by President Donald Trump, continue to worry investors. The Dow Jones Industrial Average hit a low of 24,708.41, before settling to close at 24,884.12, an increase of 0.04 percent, while the S&P 500 Index hit a low of 2,711.26, before settling to close at 2,728.12, an increase of 0.26 percent. Major Indexes fell in Tuesday trading after Bloomberg News reported President Trump believes top economic advisor Gary Cohn could resign due to the new proposed tariffs on imports of steel and aluminum.

RDI Initiates Coverage on:

Bitcoin Investment Trust
https://rdinvesting.com/news/?ticker=GBTC

Riot Blockchain, Inc.
https://rdinvesting.com/news/?ticker=RIOT

Bitcoin Investment Trust's stock moved 7.79% lower Tuesday, to close the day at $17.16. The stock recorded a trading volume of 3,915,040 shares, which was below its three months average volume of 9,805,978 shares. In the last year, Bitcoin Investment Trust's shares have traded in a range of 1.14 - 38.71. The share price has gained 1,401.43% 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 $16.85 is greater than its 200-day moving average of $13.95. Shares of Bitcoin Investment Trust have gained roughly 39.40 percent in the past month and are down 22.54 percent year-to-date.

Access RDI's Bitcoin Investment Trust Research Report at:
https://rdinvesting.com/news/?ticker=GBTC

On Tuesday, shares of Riot Blockchain recorded a trading volume of 586,440 shares, which was below the three months average volume of 5,769,173 shares. The stock ended the day 4.06% lower at 10.39. The share price has gained 239.54% from its 52-week low with a 52-week trading range of 3.06 - 46.20. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $14.36 is greater than its 200-day moving average of $12.55. Shares of Riot Blockchain have fallen roughly 19.77 percent in the past month and are down 63.42 percent year-to-date.

Access RDI's Riot Blockchain, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=RIOT

Our Actionable Research on Bitcoin Investment Trust (OTCMKTS:GBTC) and Riot Blockchain, Inc. (NASDAQ:RIOT) 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



© Accesswire 2018
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