Novavax, Inc., Iovance Biotherapeutics, Inc., NeoGames S.A. and others have been dropping. Here is what you should know.
Markets completed a mixed session Friday, as Dow Jones ended the session at 34,347 after a 0.45% gain. Nasdaq slipped 0.52% and closed at 11,226.
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.
10 days of a downtrend, losing a total of 33.95%: Friday's slide leaves Novavax traders hoping for a bounce
Novavax, Inc.'s bearish run has lasted 10 days so far (-$8). more of the same from Friday's session: pronounced bearish market sentiment ensured that the US biotechnology company made a notable 2.88% loss Friday, declining 49 cents and ultimately closing at $16.54. Friday's trading volume was 2.11 million shares which is below the 21-day average of 4.27 million.
10 days of losses drag on: Friday's slide leaves Iovance Biotherapeutics traders hoping for a bounce
Over the last 10 days, Iovance Biotherapeutics has fallen 30.41%. Friday's session continued down the same path: grinding lower but with no clear-cut direction, the US biotech pioneer closed the session at $6.18 after forming a distinct $6.05 – $6.29 range. The day's trading volume totalled 1.38 million shares — lower than the 21-day average of 3.42 million.
Decreases for 7 days and losing 26.59%, NeoGames dropped by 3.74% and closed the session at $13.39
NeoGames's downtrend has seen it decline 26.59% in 7 days Friday's session continued the recent downtrend: early in Friday's session, NeoGames dropped to $13 from $13.91 at the end of Wednesday, before closing at $13.39. During the session, it lost 3.74%.
Friday's trading volume was 56,250 shares which is under the 21-day average of 142,291.