Signature Bank, GoHealth, Inc., CommScope Holding Company, Inc. and others have been slumping.
Markets are mixed with Dow Jones trades at 33,300 after losing 0.73%. S&P 500 drawing back 0.49% to 4,052.
Current market events are being influenced by ambiguous macro data as United States Crude Oil Inventories published today at 14:30 UTC came out at -5 million, falling short of the -1.49 million projections and continuing its decline from the previous -4.58 million figure.
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 Signature Bank
Having fallen 3.42% from 13.15 cents in the current session, Signature Bank is now trading at 12.7 cents. As the session draws to a close, the US commercial bank is recovering but is not all the way back to 13.15 cents after dipping down to 12.3 cents today. Also, the firm paid out a quarterly dividend of 70 cents per share on Friday, February 10th to all active shareholders as of Friday, January 27th. Eligible investors secured a quarterly dividend yield of 2,204.72% for this year.
| GoHealth | 41.64% fall over 5 days
Having fallen 17.2% from $9.36 in the current session, GoHealth is now trading at $7.75. The Medicare access provider is sharply lower after losing 17.2%, declining as low as $7.75 at the end of the trading session. The trading volume is at 199,011, 539% above the 21-day average of 36,896.
| CommScope Holding Company, Inc. | maintaining a 17 day downtrend having fallen 29.04%
Having fallen 0.88% from $4.56 in the current session, CommScope Holding Company, Inc. is now trading at $4.52. Although CommScope Holding Company, Inc. increased from $4.56 to $4.64, the stock dropped back and is now priced at $4.52.