The main stocks that are plunging: Foresight Autonomous Holdings Ltd., Bright Mountain Media, Inc., GoHealth, Inc.
Leading equity indices in the US declined as Nasdaq shed 0.85% and closed at 11,929. S&P 500 lost 0.41% and ended the session at 4,092.
On the flip side, United States Crude Oil Inventories beat the -583,000 projections, with 597,000.
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 a 16 day downtrend; dips 6.74% yesterday
After setting a 34.2 cents – 39 cents range, Foresight Autonomous Holdings Ltd. closed the day 6.74% lower at 36 cents. After ending Tuesday at 38.6 cents, Foresight Autonomous declined to 34.2 cents yesterday before closing at 36 cents, thereby losing 6.74% in total. Daily trading volume (402,155 shares) increased, making up 252% of the 21-day average (159,813).
| Bright Mountain Media | continues a 7 day decline; dips 9.09% yesterday
After setting a 10 cents – 10.515 cents range, Bright Mountain Media closed the day 9.09% lower at 10 cents. During yesterday's session, Bright Mountain Media toiled and struggled for upward momentum before closing at 10 cents. By the close, the the digital advertising specialist suffered a 1 cents or 9.09% loss. Daily trading volume (18,500 shares) increased, making up 142% of the 21-day average (12,985).
| GoHealth | 23.15% ($2.79) depreciation over 7 days (39.8571 cents per day average)
After setting a $12.6 – $14.14 range, GoHealth closed the day 7.61% lower at $12.75. An influx of sellers pushed the Medicare plan marketplace to session lows around $12.6 while establishing a $12.6 to $14.14 session range yesterday. Yesterday's trading volume was 38,434 shares which is slightly below the 21-day average of 50,563.