The 3 stocks attempting to buck their downtrends

Cirrus Logic, Inc., Ubiquiti Inc., Bausch Health Companies Inc. are currently leading the list of down-trending stocks.

Leading equity indices in the US rose as Dow Jones closed the day at 33,674, having gained 1.65%. S&P 500 gained 1.85% and closed at 4,136.25.

Uptick coincides with some positive signs published earlier as highly important Average Hourly Earnings data from United States beat analyst expectations of 0.3% with a reading of 0.5%.

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.

Cirrus Logic continues a 26 day downtrend; withdraws 3.49% yesterday

Yesterday's session continued the recent downtrend: after ending Thursday at $82.33, Cirrus Logic, Inc. dropped to $76.72 early in yesterday's session and closed at $79.46. In total, it lost 3.49%. After setting a $76.72 – $80.5 range, Cirrus Logic closed the day 3.49% lower at $79.46. Daily trading volume (1.75 million shares) increased, making up 221% of the 21-day average (791,317).

Cirrus Logic's market cap is currently $4.39 billion with an average daily volume of 791,317 shares. Having soared to a high of $109.56 approximately a month ago, the US fab-less semiconductor supplier is now trading 24.85% lower. Trending downwards for around a month.

Cirrus Logic reported earnings results Thursday; with EPS at 0.6 and revenues at $372.82 million, these results are mixed compared to a consensus of 0.84 Earnings Per Share and $367.69 million revenue. Since the release of its earnings report, Cirrus Logic lost 6.35%.

| Ubiquiti | 25.81% ($49.16) depreciation over 25 days ($1.97 per day average)

After setting a $195.54 – $221.37 range, Ubiquiti closed the day 9.42% lower at $201.57. The US tech company trades at $201.57 after dropping by 9.42% ($20.96), its largest single-day drop since November 2022. After ending Thursday at $222.53, Ubiquiti declined to $195.54 yesterday before closing at $201.57, thereby losing 9.42% in total. Daily trading volume (219,234 shares) increased, making up 388% of the 21-day average (56,552). Based on current prices, Ubiquiti shareholders are currently earning an annual dividend yield of 1.19% after the company distributed a quarterly dividend of 60 cents per share for all eligible shareholders as of Monday, February 13th. The most recent payment was made on Tuesday, February 21st.

| Bausch Health Companies | continues a 5 day decline; withdraws 1.02% yesterday

After setting a $5.7 – $6.04 range, Bausch Health Companies closed the day 1.02% lower at $5.83. The pharma developer and manufacturer has recovered almost all of its session losses after dipping down to $5.7 yesterday. Daily trading volume (4.57 million shares) increased, making up 166% of the 21-day average (2.76 million).