NEW YORK, NY / ACCESSWIRE / May 2, 2018 / U.S. markets were mixed Tuesday as a strong performance by the tech sector was not enough to lift all three indexes higher. Dow Jones dropped for the 3rd consecutive session as investors appears to be cautious ahead of the Fed's meeting conclusion. The Dow Jones Industrial Average declined 0.27 percent to close at 24,099.05, while the S&P 500 increased 0.25 percent to close at 2,654.805 The Nasdaq Composite Index gained 0.91 percent to close at 7,130.70.

"The stock market has been generally moving sideways for weeks. Investors aren't taking advantage of the strong earnings because there's also a lot of potentially negative news out there, between tariffs, the prospect of the Fed acting more aggressively, and so forth," said Jon Maier, chief investment officer at Global X Funds.

RDI Initiates Coverage on:

Glu Mobile Inc.
https://rdinvesting.com/news/?ticker=GLUU

Zynga Inc.
https://rdinvesting.com/news/?ticker=ZNGA

Glu Mobile's stock edged 0.23% higher Tuesday, to close the day at $4.39. The stock recorded a trading volume of 1,873,008 shares, which was above its three months average volume of 1,824,440 shares. In the last year, Glu Mobile's shares have traded in a range of 2.24 - 4.95. The share price has gained 95.98% 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 $3.96 is above its 200-day moving average of $3.92. Shares of Glu Mobile have gained roughly 16.45 percent in the past month and are up 20.6 percent year-to-date.

Access RDI's Glu Mobile Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GLUU

On Tuesday, shares of Zynga recorded a trading volume of 6,492,266 shares, which was below the three months average volume of 11,053,893 shares. The stock ended the day 2.03% higher at 3.52. The share price has gained 23.94% from its 52 week low with a 52 week trading range of 2.84 - 4.34. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $3.61 is below its 200-day moving average of $3.75. Shares of Zynga are trading at a Price to Earnings ratio of 117.33. Shares of Zynga have fallen roughly 3.83 percent in the past month and are down 12 percent year-to-date.

Access RDI's Zynga Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ZNGA

Our Actionable Research on Glu Mobile Inc. (NASDAQ :GLUU) and Zynga Inc. (NASDAQ :ZNGA) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com