NEW YORK, NY / ACCESSWIRE / April 25, 2018 / The markets recent slide continued Tuesday as concerns of rising interest rates continued to plague investors. On Tuesday, the yield on the benchmark on the 10-year Treasury note surpassed the 3 percent mark for the first time in four years. The Dow Jones Industrial Average dropped 1.7 percent to close at 24,024.13, its fifth consecutive daily decline, while the S&P 500 Index fell 1.3 percent to close at 2,634.56. The Nasdaq Composite Index declined 1.7 percent to close at 7,007.35.

RDI Initiates Coverage on:

Allegheny Technologies Inc.
https://rdinvesting.com/news/?ticker=ATI

3M Company
https://rdinvesting.com/news/?ticker=MMM

Allegheny Technologies' stock jumped 6.64% Tuesday, to close the day at $27.62. The stock recorded a trading volume of 5,825,329 shares, which was above its three months average volume of 1,774,233 shares. In the last year, Allegheny Technologies' shares have traded in a range of 14.54 - 30.25. The share price has gained 89.96% 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 $25.64 is greater than its 200-day moving average of $25.29. Shares of Allegheny Technologies have gained roughly 18.29 percent in the past month and are up 14.42 percent year-to-date.

Access RDI's Allegheny Technologies Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ATI

On Tuesday, shares of 3M Company recorded a trading volume of 11,671,410 shares, which was above the three months average volume of 2,749,127 shares. The stock ended the day 6.83% lower at $201.13. The share price has fallen 22.57% from its 52 week high with a 52 week trading range of 192.36 - 259.77. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $223.90 is lower than its 200-day moving average of $232.03. Shares of the company are trading at a Price to Earnings ratio of 25.36. Shares of 3M Company have fallen roughly 6.61 percent in the past month and are down 14.55 percent year-to-date.

Access RDI's 3M Company Research Report at:
https://rdinvesting.com/news/?ticker=MMM

Our Actionable Research on Allegheny Technologies Inc. (NYSE:ATI) and 3M Company (NYSE:MMM) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com