The main stocks that are plunging: ProShares UltraShort FTSE Europe, DarioHealth Corp., Hess Corporation
Markets completed a mixed session yesterday while Nasdaq ended the session at 12,200 after a 3.25% gain. S&P 500 closed the day at 4,179.76, having gained 1.47%.
This limbo state is reflected by market data published as United States Non Farm Payrolls improved upon its previous reading of 260,000 with a new data release of 517,000.
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.
| ProShares UltraShort FTSE Europe | 18.87% ($2.39) depreciation over 22 days (10.8636 cents per day average)
After setting a $10.24 – $10.49 range, ProShares UltraShort FTSE Europe closed the day 0.19% lower at $10.36. ProShares UltraShort FTSE Europe has recovered almost all of its session losses after dipping down to $10.24 yesterday. Trading volume totalled 425,192 which equates to around 89% of the stock's 21-day average yesterday.
DarioHealth continues a 12 day downtrend; draws back 1.66% yesterday
After setting a $5.29 – $5.63 range, DarioHealth closed the day 1.66% lower at $5.34. After ending Wednesday at $5.43, DarioHealth went up to $5.63 only to drop back to its starting point and close at $5.34. Yesterday's trading volume was 132,272 shares which is slightly below the 21-day average of 164,002.
| Hess Corporation | continues a 6 day decline; dips 3.79% yesterday
After setting a $137.23 – $143.62 range, Hess Corporation closed the day 3.79% lower at $138.78. Early in yesterday's session, Hess Corporation dropped to $137.23 from $144.24 at the end of Wednesday, before closing at $138.78. During the session, it lost 3.79%.
Daily trading volume (3.45 million shares) increased, making up 189% of the 21-day average (1.82 million). Hess Corporation disclosed a quarterly dividend of 37.5 cents per share on Wednesday, December 7th that was paid on Thursday, December 29th to all shareholders of record up until Monday, December 19th. Based on current prices, the company's decision thereby provides Hess Corporation investors with an annual dividend yield of 1.08%.