GoHealth, Inc., Mullen Automotive, Inc., GoodRx Holdings, Inc. are at the top of this list of down trending stocks.
The leading indices are climbing up — Nasdaq up to 12,077, gaining 1.87%. S&P 500 up to 4,106, gaining 1.23%.
On the other hand, United States Pending Home Sales published today at 14:00 UTC came out at -5.2%, falling short of the 0.5% projections and continuing its decline from the previous 0.8% figure.
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.
| GoHealth | 43.26% fall over 6 days
GoHealth, Inc. drops 1.89% since opening around $7.49 the Medicare plan marketplace slides down from $7.68 to $7.54, losing 14.5 cents (1.89%). Current trading volume stands at 50,464; 108% slightly above the 21-day average of 46,526.
Mullen continues a 4 day downtrend; drops 12.44% this session
Mullen Automotive drops 12.44% since opening around 7.5 cents tough session sees the automotive industry company shedding 12.44% in early trade the trading volume is at 388.25 million, 113% above the 21-day average of 343.92 million.
GoodRx continues a 10 day downtrend; withdraws 3.29% this session
Similar trend today: after dipping down to $4.65 today, the US healthcare company is recovering but is not yet all the way back to $4.86. GoodRx drops 3.29% since opening around $4.86
The company has a market cap of $1.93 billion with an average daily volume of 1.14 million shares. The US healthcare company is trading 68.91% lower compared to the $15.63 high it reached over the past year. So far this year, it has been under-performing the Nasdaq by 9.2%. On a negative trend for around a month. GoodRx last reported revenue of $184.11 million with an EPS of 1 cents.