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June 23, 2023
Altice USA, Inc., Sundial Growers Inc., Compugen Ltd. are at the top of this list of down trending stocks.
The leading indices are dropping — Nasdaq drawing back 0.74% to 13,530. S&P 500 slipping 0.49% and closing at 4,360.47.
Amid the market gloom, United States Services PMI released today at 13:45 UTC with a figure of 54.1, while the previous figure was 54.9.
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.
5 days of losses drag on for Altice USA
Altice USA, Inc. drops 0.71% since opening around $2.1 slightly weaker but mostly flat: Altice USA is currently trading at $2.1 as it maintains an active range between $2.06 and $2.2.
| Sundial Growers | slumps to $1.31 while on a 22 day downtrend
Sundial Growers drops 5.07% since opening around $1.36 the high quality cannabis cultivator is trading close to the $1.31 level today, after ending yesterday at $1.38 and dropping 5.07%.
| Compugen | a 33 cents (-28.64%) fall over 8 days
More of the same today: the drug development firm is trading close to the 98.47 cents level today, after ending yesterday at $1.05 and dropping 6.22%. Compugen drops 6.22% since opening around $1.02
The company is currently trading with a market cap of $98.89 million with an average daily volume of 863,237 shares. The drug development firm is up 85.81% from the significant low of 56.51 cents it hit a month ago.
