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February 24, 2023Mullen Automotive, Inc., SuperCom Ltd., Sibanye Stillwater Limited and others have been dropping. Here is what you should know.
The leading indices are falling — Nasdaq drawing back 1.89% to 11,372. S&P 500 slipping 1.21% and closing at 3,964.
While price action maintains a negative bias, United States New Home Sales (Jan) released today at 15:00 UTC with a figure of 670,000, while the previous figure was 625,000.
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.
| Mullen Automotive | falls to 22.86 cents while on an 8 day downtrend
Mullen Automotive, Inc. drops 5.89% since opening around 23.06 cents the automotive industry company is trading close to the 22.86 cents level today, after ending yesterday at 24.29 cents and dropping 5.89%.
13 days of losses drag on for SuperCom
SuperCom drops 2.69% since opening around $1.81 the "e-government" enabler slides down from $1.86 to $1.81, losing 5 cents (2.69%).
| D/B/A Sibanye-Stillwater | a $3.63 (-31.64%) fall over 27 days
D/B/A Sibanye-Stillwater drops 3.05% since opening around $8.4 the precious metals mining company drops 3.05% in early trade and remains within touching distance of the $8.41 level. The company trades at $8.41 ahead of quarterly performance report which is scheduled to be released Thursday.
D/B/A Sibanye-Stillwater is trading in a $8.33 – $8.52 range prior to its earnings announcement.
