- Arrival suffered relatively more than others today after 20.33% dip NanoVibronix (down 8%), Everbridge (down 7.11%) also underperformed today.
- European markets closed higher today whilst CAC added 0.51% to trade at 7,577.
Today's trading session saw to it that markets did not have a clear cut direction — Nasdaq closed at 12,072 after a flat day. Dow Jones closed 33,800 after a stable day.
US markets are currently closed but will resume Monday in around 2 days time. Upbeat European markets ended today higher as CAC ascends by 0.51%, reaching 7,577. Asia-Pacific markets were down today as KOSPI Composite Index is currently down 0.73% and trading around 2,544.4.
After trading at around 3.95%, the yield on one month government debt fell to 3.4%.
KB Financial Group Inc. & Cousins Properties Incorporated due to release their earnings reports within the following week.
Ambiguous macro data is influencing the market as United States Services PMI released today at 13:45 UTC with a figure of 53.7, while the previous figure was 52.6. United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million. United States Philadelphia Fed Manufacturing Index (Apr) came out at -31.3, while a consensus of analysts was expecting -19.2.
Despite lacklustre price action, some assets lagged behind their peers as Arrival lost 20.33% today before closing at $2.39. NanoVibronix (down 8%), Everbridge (down 7.11%) also underperformed today.
Arrival | -20.33% today including 0.84% drop in aftermarket trade
Having fallen $1.2 in 4 days, More of the same from today's session: after ending yesterday at $three, Arrival declined to $2.37 today before closing at $2.39, thereby losing 20.33% in total. The day's trading volume totalled 1.44 million shares — lower than the 21-day average of 13.81 million.
Everbridge | Closed down 7.11% at $28.21 today
Over the last 3 days, Everbridge has fallen 12.91%. Today's session continued down the same path: early in today's session, Everbridge dropped to $26.72 from $30.37 at the end of yesterday, before closing at $28.21. During the session, it lost 7.11%. Daily trading volume (1.50 million shares) increased, making up 473% of the 21-day average (316,744).