The main stocks that are plunging: Qurate Retail, Inc., Sirius XM Holdings Inc, The Charles Schwab
Markets were up yesterday; Nasdaq gained 2.48% and closed at 11,717. S&P 500 ended the session at 3,960.28 after a 1.76% 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.
| Qurate Retail | 51.66% ($1.03) depreciation over 10 days (10.3 cents per day average)
After setting a $1 – $1.1 range, Qurate Retail, Inc. closed the day 5.56% lower at $1.02. During yesterday's session, Qurate Retail toiled and struggled for upward momentum before closing at $1.02. By the close, the the media conglomerate suffered a 6 cents or 5.56% loss. The day's trading volume totalled 6.19 million shares — slightly below the 21-day average of 7.66 million.
| Sirius XM | 39.83% ($2.36) depreciation over a month (5.7561 cents per day average)
After setting a $3.56 – $3.64 range, Sirius XM closed the day 0.82% lower at $3.61. During yesterday's session, Sirius XM toiled and struggled for upward momentum before closing at $3.61. By the close, the the satellite and online radio company suffered a 3 cents or 0.82% loss. Daily trading volume (18.99 million shares) increased, making up 108% of the 21-day average (17.53 million). Based on current prices, Sirius XM shareholders are currently earning an annual dividend yield of 2.68% after the company distributed a quarterly dividend of 2.42 cents per share for all eligible shareholders as of Thursday, February 9th. The most recent payment was made on Friday, February 24th.
After setting a $55.84 – $60 range, Charles Schwab closed the day 2.8% lower at $57.88. During yesterday's session, Charles Schwab toiled and struggled for upward momentum before closing at $57.88. By the close, the the giant US asset manager suffered a $1.67 or 2.8% loss. Daily trading volume (65.76 million shares) increased, making up 358% of the 21-day average (18.37 million). Also, the firm paid out a quarterly dividend of 25 cents per share on Friday, February 24th to all active shareholders as of Friday, February 10th. Eligible investors secured a quarterly dividend yield of 1.73% for this year.