Novavax, Inc., Aurora Cannabis Inc., Nano Dimension Ltd. and others have been slumping.
Markets don't have a clear cut direction — Dow Jones is relatively flat, trades at 33,866. S&P 500 trades at 3,966.72 with no major change.
Current market events are being influenced by ambiguous macro data as United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Sep) came out at 10.4, while a consensus of analysts was expecting 10.8.
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.
Moves for 11 days and shedding 33.59%: Slow start to the session for Novavax as it idles around $16.63
Novavax, Inc. is on an 11 day downtrend today is looking a bit better: Novavax trades at $16.63, after ending yesterday at $16.64.
9 days of losses drag on: Slow start to the session for Aurora Cannabis as it idles around $1.24
While on a 9 day downtrend today is looking a bit better: Aurora Cannabis trades at $1.24, after ending yesterday at $1.24.
An 11 day downtrend, falling 12.58%: Nano Dimension goes down 1.69% ahead of quarterly report Thursday
Nano Dimension has been losing ground for 11 days, shedding a total of 12.58% of its value. more of the same today: Nano Dimension is down to $2.37, after ending yesterday at $2.41. Overall, a 1.69% loss or 4.08 cents today.
Nano Dimension trades at $2.37 ahead of quarterly performance report which is scheduled to be released Thursday.