The 3 stocks continuing their prolonged slides

CureVac N.V., FIGS, Inc., Qurate Retail, Inc. and others have been slumping.

Leading equity indices in the US declined as Dow Jones was down 1.72% before closing the session at 32,856. After dropping 1.53%, S&P 500 closed at 3,986.37.

Amid the market gloom, United States API Weekly Crude Oil Stock came out at -3.83 million, while a consensus of analysts was expecting -308,000.

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.

| CureVac | 37.15% ($4.1) depreciation over 24 days (17.0833 cents per day average)

After setting a $7.4 – $7.7 range, CureVac N.V. closed the day 3.64% lower at $7.41. After ending Monday at $7.69, CureVac dropped to $7.4 early in yesterday's session and closed at $7.41. In total, it lost 3.64%. The day's trading volume totalled 532,400 shares — under the 21-day average of 1.27 million.

| FIGS | continues a 14 day decline; slumps 0.63% yesterday

After setting a $6.13 – $6.46 range, FIGS closed the day 0.63% lower at $6.27. Slightly down but mostly flat: FIGS ranged between $6.13 and $6.46 before closing at $6.27. Daily trading volume (5.51 million shares) increased, making up 123% of the 21-day average (4.48 million).

Qurate Retail continues a 6 day downtrend; dips 2.86% yesterday

After setting a $1.33 – $1.42 range, Qurate Retail closed the day 2.86% lower at $1.36. Despite the risk-off mood, Qurate Retail was range-bound between $1.33 to $1.42 and settled at $1.36. Trading volume totalled 7.38 million which equates to around 96% of the stock's 21-day average yesterday.