NEW YORK, NY / ACCESSWIRE / March 20, 2018 / The S&P 500 and the Nasdaq posted their worst daily loss since February 8th on Monday as a sharp decline in Facebook shares triggered a selloff in the technology sector. The S&P 500 Index declined 1.42 percent to close at 2,712.92, while the tech-heavy Nasdaq Composite Index dropped 1.84 percent to close at 7,344.24. The Dow Jones Industrial Average fell 1.35 percent to close at 24,610.91.

"Everyone knows that tech fundamentals are solid, but rumblings like what you are seeing today, that does sort of prompt people to think is this as good as it is going to get or should I take some profits here," said Eric Freedman, chief investment officer for U.S. Bank Wealth Management in Minneapolis, according to Reuters.

RDI Initiates Coverage on:

Orbotech Ltd.
https://rdinvesting.com/news/?ticker=ORBK

Twitter, Inc.
https://rdinvesting.com/news/?ticker=TWTR

Orbotech's stock jumped 6.83% Monday, to close the day at $63.99. The stock recorded a trading volume of 5,987,922 shares, which was above its three months average volume of 395,571 shares. In the last year, Orbotech's shares have traded in a range of 30.25 - 65.75. The share price has gained 111.54% 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 $53.93 is greater than its 200-day moving average of $49.44. Shares of Orbotech are trading at a Price to Earnings ratio of 23.61. Shares of Orbotech have gained roughly 19.76 percent in the past month and are up 27.37 percent year-to-date.

Access RDI's Orbotech Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=ORBK

On Monday, shares of Twitter recorded a trading volume of 22,194,764 shares, which was below the three months average volume of 29,089,410 shares. The stock ended the day 1.69% lower at 34.98. The share price has gained 147.73% from its 52 week low with a 52 week trading range of 14.12 - 36.80. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $31.69 is greater than its 200-day moving average of $23.29. Shares of Twitter have gained roughly 5.81 percent in the past month and are up 45.69 percent year-to-date.

Access RDI's Twitter, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TWTR

Our Actionable Research on Orbotech Ltd. (NASDAQ:ORBK) and Twitter, Inc. (NYSE:TWTR) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com