Affirm Holdings, Inc., CureVac N.V., Sirius XM Holdings Inc and others have been dropping. Here is what you should know.
Leading equity indices in the US declined as Nasdaq lost 1.68% and ended the session at 11,900. S&P 500 was down 1.11% before closing the session at 4,118.
This downslide might be related to financial indicators data published earlier as following a previous reading of 4.14 million, Crude Oil Inventories in United States released yesterday at 15:30 UTC fell short of the 2.46 million figure expected by analysts with an actual reading of 2.42 million.
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.
| Affirm | continues a 5 day decline; falls 6.91% yesterday
After setting a $15.95 – $17.61 range, Affirm Holdings, Inc. closed the day 6.91% lower at $16. An influx of sellers pushed the fintech company to end the session lower around $16, while establishing a $15.95 to $17.61 session range yesterday. Daily trading volume (26.31 million shares) was slightly greater than the current multiday average of 21.15 million.
| CureVac | 22.39% ($2.41) depreciation over 5 days (48.2 cents per day average)
After setting a $9.1 – $9.45 range, CureVac closed the day 2.45% lower at $9.15. Pronounced bearish market sentiment ensured that the German bio-pharma company made a notable 2.45% loss yesterday, declining 23 cents and ultimately closing at $9.15. Daily trading volume (6.51 million shares) increased, making up 321% of the 21-day average (2 million).
| Sirius XM | 16.67% (96.42 cents) depreciation over 18 days (5.3567 cents per day average)
After setting a $4.97 – $5.06 range, Sirius XM closed the day 0.71% lower at $five. Despite the risk-off mood, Sirius XM was range-bound between $4.97 to $5.06 and settled at $five. The volume of trade was 16.46 million shares, close to the daily average of 16.55 million shares. Sirius XM disclosed a quarterly dividend of 2.4 cents per share on Monday, October 31st that was paid on Wednesday, November 30th to all shareholders of record up until Friday, November 11th. Based on current prices, the company's decision thereby provides Sirius XM investors with an annual dividend yield of 1.92%.