Bright Health Group Inc., FIGS, Inc., Sirius XM Holdings Inc are at the top of this list of down trending stocks.

Leading equity indices in the US rose as S&P 500 gained 1.61% and closed at 4,045.64. Nasdaq ended the session at 11,700 after a 1.97% gain.

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.

Bright Health continues a 4 day downtrend; moves 8.16% Friday

After setting a 45 cents – 50 cents range, Bright Health Group Inc. closed the day 8.16% lower at 45.47 cents. Daily trading volume (4.87 million shares) increased, making up 268% of the 21-day average (1.81 million). Bright Health reported inconclusive earnings results Wednesday, with EPS at -0.34 and revenues at $551.42 million. Since the release of its earnings report, Bright Health lost 47.74%.

The company reported earnings results Wednesday; with EPS at -0.34 and revenues at $551.42 million, these results are mixed compared to a consensus of -0.54 Earnings Per Share and $1.77 billion revenue. Since the release of its earnings report, Bright Health lost 47.74%.

| FIGS | 31.56% ($2.81) depreciation over 12 days (23.4167 cents per day average)

After setting a $6.63 – $7.04 range, FIGS closed the day 4% lower at $6.7. An influx of sellers pushed the US healthcare apparel brand to end the session lower around $6.7, while establishing a $6.63 to $7.04 session range Friday. Daily trading volume (5.70 million shares) was slightly greater than the current multiday average of 4.46 million. FIGS was down, even though its quarterly earnings released on Tuesday beat the analysts’ estimates. The reported earnings of 0.05 per share on revenue of $144.90 million, topping estimates of 0.01 per share on revenue of $134.16 million.

FIGS was down, even though its quarterly earnings released on Tuesday beat the analysts’ estimates. The reported earnings of 0.05 per share on revenue of $144.90 million, topping estimates of 0.01 per share on revenue of $134.16 million.

| Sirius XM | continues a month decline; decreases 1.16% Friday

After setting a $4.24 – $4.3 range, Sirius XM closed the day 1.16% lower at $4.25. The American broadcasting company has recovered almost all of its session losses after dipping down to $4.24 Friday. The day's trading volume totalled 14.35 million shares — slightly below the 21-day average of 18.59 million. Also, the firm paid out a quarterly dividend of 2.42 cents per share on Friday, February 24th to all active shareholders as of Thursday, February 9th. Eligible investors secured a quarterly dividend yield of 2.28% for this year.