An Investment Update: Illinois Tool Works Inc. (ITW), Exact Sciences Corporation (EXAS)

Illinois Tool Works Inc. (NYSE:ITW) has its shares plummet by -2.44% or $4.44 from its all-time high of $182.34, with ITW attaining that price back on December 27, 2019. The drop in the price of the shares saw it stand at $177.9 per share. ITW has been trading at a low of $130 over the past one year but it surged by 36.85% or $47.9 to reach the $177.9 mark. Following the massive rise in stock price, ITW received more attention from investors and analysts. On Thursday, the stock plunged by 1.19%, which caused investors and analysts to excite about it. Following the plunge in price, the ITW beta stands at 1.23, implying that its volatility level has gone up by -0.23 ahead of the general market. A look at the stock’s 200-day moving average shows that it is 11.39% above while its 50-day moving average shows that it is currently 0.5% above. Compared to 1.5% average daily volatility of past month, the stock’s average volatility for this week has increased by 0.77 as the volatility level currently stands at 2.27%.

Over the past seven days, the stock has witnessed a price dip by -0.95%. This massive drop in stock price has caught the attention of both investors and market traders. The stock has performed excellently over the past 52 weeks, rising by 31.19% during that time frame and is now down by -0.96% since this point this year. ITW has fell by -1.12% over the past 30 days, with its equity price gaining% of its value over the past ninety days. These figures add up to see the stock record a growth of 15.35% over the past six months.

The stock’s technical analysis reveals that its 14-day Relative Strength Index (RSI) is currently in a neutral position as it was able to attain 50.82 points. The trading volume now standing at 1647321 shares. The increase of 547321 shares in trading volume shows that traders and investors have shown more interest in the stock over the past few weeks. During that trading session, the average trading volume of ITW was 1100000 shares, which is more than 1.5 times higher than its usual trading volume.

The stock has an average rating of 1.3 which means that it has been rated as a Buy by most analysts. The stock is being covered by 15 analysts who gave a consensus recommendation of 1.3 which implies that it is currently in a bull/bear situation. Reuters looked into analysts covering Exact Sciences Corporation, and 0 of them believe that the stock is a Hold at the moment. 15 of the analysts rated it as a Buy or a Strong Buy while the remaining analysts (0) rated it as a sell at the moment.