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May 31, 2023
The main stocks that are plunging: Foot Locker, Inc., HEXO Corp., iQIYI, Inc.
The leading indices are falling — Dow Jones trades at 32,839 after losing 0.62%. S&P 500 trades at 4,180.33 after losing 0.6%.
Meanwhile, United States JOLTs Job Openings (Apr) released today at 14:00 UTC with a figure of 10.10 million, while the previous figure was 9.74 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.
| Foot Locker | a $15.53 (-39.21%) fall over 9 days
Foot Locker, Inc. drops 2.94% since opening around $25.75 while bearish sentiment is dominating the market, the US sportswear and footwear retailer is maintaining its poise around $25.27 while ranging between $25.19 and $25.75 so far today. Also, the firm paid out a quarterly dividend of 40 cents per share on Friday, April 28th to all active shareholders as of Friday, April 14th. Eligible investors secured a quarterly dividend yield of 6.33% for this year.
| HEXO Corp. | a 32.64% fall over a 9 day period
HEXO Corp. drops 3.96% since opening around $one the high-quality cannabis producer slides down from $1 to 97 cents, losing 3 cents (3.96%).
| iQIYI | maintaining an 11 day downtrend having fallen 33.42%
IQIYI drops 6.03% since opening around $4.18 the internet video streaming service is trading close to the $3.98 level today, after ending yesterday at $4.23 and dropping 6.03%.
