NEW YORK, NY / ACCESSWIRE / April 5, 2018 / After falling sharply on global trade fears in early trading Wednesday, U.S. stocks rallied to close in the green. The Dow Jones Industrial Average touched a low of 23,523.16 before settling at 24,264.30, an increase of 0.96 percent, while the S&P 500 Index hit a low of 2,573.61 before rallying to close at 2,644.69, an increase of 1.16 percent. The tech-heavy Nasdaq Composite Index reached a low of 6,811.77 before settling to close at 7,042.11, an increase of 1.45 percent.

"The prospects for a trade war are there, investors are just not sure how to assess the impact that could come. This brings in an incredible amount of uncertainty, but people may just respond to things as they unfold," said Michael O?Rourke, chief market strategist at JonesTrading, according to MarketWatch.

RDI Initiates Coverage on:

Exelixis, Inc.
https://rdinvesting.com/news/?ticker=EXEL

Galectin Therapeutics Inc.
https://rdinvesting.com/news/?ticker=GALT

Exelixis stock moved 4.84% higher Wednesday, to close the day at $22.31. The stock recorded a trading volume of 4,116,795 shares, which was above its three months average volume of 2,947,955 shares. In the last year, Exelixis shares have traded in a range of 18.03 - 32.50. The share price has gained 23.74% 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 $25.39 is below its 200-day moving average of $26.91. Shares of the company are trading at a Price to Earnings ratio of 45.25. Shares of Exelixis have fallen roughly 7.35 percent in the past month and are down 26.61 percent year-to-date.

Access RDI's Exelixis, Inc. Report at:
https://rdinvesting.com/news/?ticker=EXEL

On Wednesday, shares of Galectin Therapeutics recorded a trading volume of 1,027,755 shares, which was above the three months average volume of 631,165 shares. The stock ended the day 15.33% higher at 4.74. The share price has gained 270.31% from its 52-week low with a 52-week trading range of 1.28 - 6.74. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $4.45 is greater than its 200-day moving average of $3.47. Shares of Galectin Therapeutics have gained roughly 7.24 percent in the past month and are up 41.92 percent year-to-date.

Access RDI's Galectin Therapeutics Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GALT

Our Actionable Research on Exelixis, Inc. (NASDAQ:EXEL) and Galectin Therapeutics Inc. (NASDAQ:GALT) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com