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June 06, 2023
Canopy Growth Corporation, ICL Group Ltd, Inspira Technologies Oxy B.H.N. Ltd. and others have been slumping.
Markets are up as Nasdaq up to 13,281, gaining 0.39%. S&P 500 up 0.27%, trading at 4,285.29.
Meanwhile, United States ISM Non-Manufacturing PMI (May) released yesterday at 14:00 UTC with a figure of 50.3, while the previous figure was 51.9.
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 10 day downtrend; drops 5.87% this session
Having fallen 5.87% from 78.3 cents in the current session, Canopy Growth Corporation is now trading at 73.7 cents. As the session draws to a close, the cannabis producer is recovering but is not all the way back to 78.3 cents after dipping down to 71.1 cents today. The trading volume is at 15.71 million, 155% above the 21-day average of 10.11 million.
10 days of losses drag on for ICL Group
Having fallen 4.12% from $5.58 in the current session, ICL Group is now trading at $5.35. The specialty minerals company dropped to its lowest point in 2 years at $4.96. It later recovered 39 cents and trades at $5.35. As things stand, trading volume is at 2.61 million, above the 21-day average of 1.29 million. Just recently, ICL Group's board disclosed a quarterly dividend of 11.3 cents per share to be paid on Wednesday, June 14th for all shareholders of record up until Wednesday, May 31st. Based on current prices, the company's decision thereby provides ICL Group investors with an annual dividend yield of 8.45%.
| Inspira Technologies Oxy | maintaining a 15 day downtrend having fallen 13.78%
Today is looking a bit better: the "artificial lung" developer is sliding down from $1.38 to $1.38, taking a 0.36% loss as it nears the end of the session. As things stand, Inspira Technologies Oxy is holding steady at $1.38 after kicking off today's session at $1.41.
The company is currently trading with a market cap of $16 million with an average daily volume of 16,684 shares. Approximately 10 months ago, the specialty medical device company reached a significant high of $2.54 but has struggled to hold onto its gains and declined 45.67% since then. Trading mostly sideways for a month.
