GDS Holdings Limited, Marathon Digital Holdings, Inc., iQIYI, Inc. and others have been dropping. Here is what you should know.
Leading equity indices in the US declined as after dropping 1.03%, Nasdaq closed at 11,000. S&P 500 closed at 3,872, a 0.75% change.
Meanwhile, United States OPEC Crude Oil Production Algeria (Barrel) released yesterday at 15:00 UTC with a figure of 1 million, while the previous figure was 1 million.
What is a downtrend?
A trend is the overall direction of a market or an asset's trading price over a certain period. A downtrend is when the price is generally pointing downwards; there can be certain periods of time when the price increases, yet the trend remains in a downward direction.
A 4 day downtrend, falling 32.53%: At $8.41, GDS Holdings is down to its lowest value in 5 years
Over the last 4 days, GDS Holdings Limited has fallen 32.53%. more of the same from yesterday's session: pronounced bearish market sentiment ensured that GDS Holdings made a notable 10.38% loss yesterday, declining $1 and ultimately closing at $8.63. Daily trading volume (5 million shares) increased, making up 317% of the 21-day average (1.60 million).
Retreats for 5 days and losing 11.18%, Risk-off mood drags Marathon Digital Holdings, Inc. 5.34% lower
Having fallen 91 cents in 5 days, yesterday's session continued down the same path: pronounced bearish sentiment in the market pushed Marathon Digital Holdings, Inc. into a notable 5.34% slide yesterday, falling 74 cents and ultimately closing at $13.11. The day's trading volume totalled 14.64 million shares — slightly below the 21-day average of 16.58 million.
Marathon Digital Holdings, Inc. is scheduled to announce earnings results Tuesday. The consensus Earnings Per Share estimate is -0.35 and the consensus revenue estimate is $25 million.
Withdraws for 5 days: Bearish iQIYI declines 3 cents (1.46%)
Having fallen 15 cents in 5 days, yesterday's session continued the recent downtrend: grinding lower but with no clear-cut direction, iQIYI closed the session at $2.02 after forming a distinct $2 – $2.09 range. Yesterday's trading volume was 6.14 million shares which is under the 21-day average of 12.67 million.