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April 16, 2023
The main stocks that are plunging: Foresight Autonomous Holdings Ltd., Catalent Inc, Canopy Growth Corporation
Leading equity indices in the US declined as Dow Jones closed at 33,900, a 0.42% change. Nasdaq slipped 0.35% and closed at 12,123.
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.
| Foresight Autonomous | continues an 18 day decline; decreases 4.65% Friday
After setting a 30.2 cents – 34.76 cents range, Foresight Autonomous Holdings Ltd. closed the day 4.65% lower at 32.8 cents. After ending Thursday at 34.4 cents, Foresight Autonomous declined to 30.2 cents Friday before closing at 32.8 cents, thereby losing 4.65% in total. Daily trading volume (587,844 shares) increased, making up 300% of the 21-day average (194,734).
| Catalent | continues a 5 day decline; plunges 26.84% Friday
After setting a $45.09 – $50.7 range, Catalent closed the day 26.84% lower at $46.32. Catalent traded at $46.32 after making its biggest single-day drop of $17 (26.84%) since November 2022. After ending Thursday at $63.31, Catalent dropped to $45.09 early in Friday's session and closed at $46.32. In total, it lost 26.84%. Daily trading volume (21.45 million shares) was higher than the current multiday average of 2.55 million.
Canopy Growth continues an 18 day downtrend; dips 5.3% Friday
After setting a $1.43 – $1.52 range, Canopy Growth closed the day 5.3% lower at $1.43. Early in Friday's session, Canopy Growth dropped to $1.43 from $1.51 at the end of Thursday, before closing at $1.43. During the session, it lost 5.3%. Daily trading volume (6.37 million shares) increased, making up 114% of the 21-day average (5.57 million).
