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May 09, 2023
Concentrix Corporation, Catalent Inc, Ubiquiti Inc. and others have been dropping. Here is what you should know.
Leading equity indices in the US declined as Nasdaq lost 0.63% and ended the session at 12,180. S&P 500 was down 0.46% before closing the session at 4,119.17.
Meanwhile, United States 3-Year Note Auction released today at 17:00 UTC with a figure of 3.695, while the previous figure was 3.81.
What is a downtrend?
The perceived tendency of a price to move in a downward direction over time. A downtrend describes the price movement of a continously depreciative financial asset over a particular time frame. In a downtrend, each successive low and peak is lower than the ones found earlier in the trend. The downtrend is therefore composed of lower swing lows and lower swing highs.
Concentrix continues a 28 day downtrend; withdraws 1.69% today
After setting a $84.03 – $85.86 range, Concentrix Corporation closed the day 1.69% lower at $84.26. Pronounced bearish sentiment in the market pushed the business services company into a notable 1.69% slide today, falling $1.45 and ultimately closing at $84.26. Trading volume totalled 234,195 which equates to around 72% of the stock's 21-day average today. Based on current prices, Concentrix shareholders are currently earning an annual dividend yield of 1.31% after the company distributed a quarterly dividend of 27.5 cents per share for all eligible shareholders as of Friday, April 28th. The most recent payment was made on Tuesday, May 9th.
| Catalent | 30.13% ($14.66) depreciation over 7 days ($2.09 per day average)
After setting a $33.08 – $36.93 range, Catalent closed the day 1.24% lower at $35.02. Slightly down but mostly flat: Catalent ranged between $33.08 and $36.93 before closing at $35.02. The day's trading volume totalled 6.12 million shares — slightly under the 21-day average of 6.25 million.
| Ubiquiti | 31.83% ($79.29) depreciation over 26 days ($3.05 per day average)
After setting a $182.33 – $191.44 range, Ubiquiti closed the day 3.74% lower at $185.2. After ending yesterday at $192.4, Ubiquiti declined to $182.33 today before closing at $185.2, thereby losing 3.74% in total. Daily trading volume (150,222 shares) was above the current multiday average of 60,998. Also, the firm paid out a quarterly dividend of 60 cents per share on Tuesday, February 21st to all active shareholders as of Monday, February 13th. Eligible investors secured a quarterly dividend yield of 1.3% for this year.
