| 
April 07, 2023
Curaleaf Holdings, Inc., Otonomo Technologies Ltd., Virgin Galactic Holdings, Inc. and others have been dropping. Here is what you should know.
Leading equity indices in the US rose as Nasdaq closed the day at 12,100, having gained 0.76%. S&P 500 ended the session at 4,105 after a 0.36% gain.
On the other hand, United States Initial Jobless Claims improved upon its previous reading of 246,000 with a new data release of 228,000.
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.
| Curaleaf | 37.05% ($1.34) depreciation over 25 days (5.36 cents per day average)
After setting a $2.42 – $2.55 range, Curaleaf Holdings, Inc. closed the day 3.72% lower at $2.44. Early in yesterday's session, Curaleaf dropped to $2.42 from $2.53 at the end of Wednesday, before closing at $2.44. During the session, it lost 3.72%. The day's trading volume totalled 645,749 shares — slightly below the 21-day average of 914,212.
Otonomo continues an 8 day downtrend; descends 4.32% yesterday
After setting a 38.1 cents – 43.01 cents range, Otonomo closed the day 4.32% lower at 39 cents. Despite the risk-off mood, Otonomo was range-bound between 38.1 cents to 43.01 cents and settled at 39 cents. The day's trading volume totalled 217,423 shares — slightly below the 21-day average of 247,429.
| Virgin Galactic | continues a 6 day decline; decreases 1.25% yesterday
After setting a $2.98 – $3.19 range, Virgin Galactic closed the day 1.25% lower at $3.15. Virgin Galactic gains 0.63% in after-hours and trades at $3.17. This comes following a session of losses in which it closed at $3.15 after dropping to $2.98 for the first time in 3 months. The spaceflight pioneer has recovered almost all of its session losses after dipping down to $2.98 yesterday. Daily trading volume (13.51 million shares) increased, making up 151% of the 21-day average (8.95 million).
