The 3 stocks attempting to buck their downtrends

The main stocks that are plunging: Advance Auto Parts Inc, HEXO Corp., Mullen Automotive, Inc.

Leading equity indices in the US rose as Dow Jones closed the day at 33,877, having gained 0.13%. Nasdaq gained 0.16% and closed at 13,259.

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.

| Advance Auto Parts | 46.77% ($54.7) depreciation over 14 days ($3.91 per day average)

After setting a $63.56 – $64.88 range, Advance Auto Parts Inc closed the day 1.79% lower at $63.58. Slightly down but mostly flat: Advance Auto Parts ranged between $63.56 and $64.88 before closing at $63.58. Trading volume totalled 3.28 million which equates to around 97% of the stock's 21-day average Friday. Advance Auto Parts disclosed a quarterly dividend of $1.5 per share on Tuesday, February 21st that was paid on Friday, April 28th to all shareholders of record up until Friday, April 14th. Based on current prices, the company's decision thereby provides Advance Auto Parts investors with an annual dividend yield of 9.44%.

| HEXO Corp. | continues a 17 day decline; falls 8.06% Friday

After setting a 80.33 cents – 90.99 cents range, HEXO Corp. closed the day 8.06% lower at 82.15 cents. After ending Thursday at 89.35 cents, HEXO Corp. declined to 80.33 cents Friday before closing at 82.15 cents, thereby losing 8.06% in total. Daily trading volume (475,269 shares) was higher than the current multiday average of 328,107.

| Mullen Automotive | continues a 6 day decline; falls 7.69% Friday

After setting a 41.5 cents – 49 cents range, Mullen closed the day 7.69% lower at 43.2 cents. Pronounced bearish market sentiment ensured that the automotive industry company made a notable 7.69% loss Friday, declining 3.6 cents and ultimately closing at 43.2 cents. Daily trading volume (69.30 million shares) was higher than the current multiday average of 44.68 million.