Thomson Reuters Corp (TRI) : Traders are bullish on Thomson Reuters Corp (TRI) as it has outperformed the S&P 500 by a margin of 1.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.64%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.26% in the last 1 week, and is up 8.58% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Thomson Reuters Corp (NYSE:TRI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.36 and $43.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.41, notching a gain of 0.28% for the day. The total traded volume was 793,284 . The stock had closed at $43.29 on the previous day.
The stock has recorded a 20-day Moving Average of 4.81% and the 50-Day Moving Average is 4.64%. Thomson Reuters Corporation is up 7.25% in the last 3-month period. Year-to-Date the stock performance stands at 16.73%.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. The Company is organized into four business units: Financial & Risk, Legal, Tax & Accounting and Intellectual Property & Science. Financial & Risk business unit provides news, information and analytics, enabling transactions and bringing together financial communities. It also provides regulatory and operational risk management solutions. Legal business unit provides online and print information, decision tools, software and services that support legal, investigation, business and government professionals. Tax & Accounting business unit provides integrated tax compliance and accounting information, software and services for professionals in accounting firms, corporations, law firms and government. Intellectual Property & Science business unit provides intellectual property and scientific information, decision support tools and services.