The main stocks that are plunging: Canopy Growth Corporation, Green Thumb Industries Inc., Iovance Biotherapeutics, Inc.

Markets completed a mixed session today, as after dropping 0.43%, Nasdaq closed at 12,032. Dow Jones gained 0.29% and closed at 33,700.

Current market events are being influenced by ambiguous macro data as United States API Weekly Crude Oil Stock came out at 377,000, while a consensus of analysts was expecting -1.3 million.

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.

Canopy Growth continues a 14 day downtrend; withdraws 3.75% today

More of the same from today's session: after ending yesterday at $1.6, Canopy Growth Corporation declined to $1.52 today before closing at $1.54, thereby losing 3.75% in total. After setting a $1.52 – $1.59 range, Canopy Growth closed the day 3.75% lower at $1.54. The day's trading volume totalled 5.63 million shares — slightly under the 21-day average of 5.73 million.

The company's market cap currently stands at $789.47 million with an average daily trading volume of 5.73 million shares. The cannabis producer is now trading 77.5% below the significant high of $7.11 it set around 11 months ago. So far this year, it has been doing worse than the Nasdaq by 44.79%. On a negative trend for around 2 months. Canopy Growth's last revenue report was $113,349 with an EPS of -35 cents.

| Green Thumb Industries | continues a 26 day decline; slumps 2.1% today

Today's session continued the recent downtrend: early in today's session, Green Thumb Industries dropped to $6.97 from $7.15 at the end of yesterday, before closing at $seven. During the session, it lost 2.1%. After setting a $6.97 – $7.2 range, Green Thumb Industries closed the day 2.1% lower at $seven. The day's trading volume totalled 180,281 shares — lower than the 21-day average of 560,056.

Green Thumb Industries's market cap currently stands at $1.65 billion with an average daily volume of 560,056 shares. Green Thumb Industries traded as high as $17.09 before shedding 41.39% lower over the past six months. Pointing downwards for around a month. Green Thumb Industries is forecasted to generate revenues of $255.73 million and EPS of 6 cents.

| Iovance Biotherapeutics | 17.04% ($1.05) depreciation over 8 days (13.125 cents per day average)

After setting a $5.35 – $5.62 range, Iovance Biotherapeutics closed the day 1.43% lower at $5.5. The US biotech pioneer has recovered almost all of its session losses after dipping down to $5.35 today. The day's trading volume totalled 2.65 million shares — below the 21-day average of 4 million.