Novavax, Inc., Iovance Biotherapeutics, Inc., NeoGames S.A. and others have been slumping.
Markets completed a mixed session Friday while Dow Jones gained 0.45% and closed at 34,347. Nasdaq lost 0.52% and ended the session 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.
Continuing a 10 day nosedive: Bearish Novavax declines 49 cents (2.88%)
Having fallen $8 in 10 days, Friday's session continued the recent downtrend: pronounced bearish sentiment in the market pushed the US biotechnology company into a notable 2.88% slide Friday, falling 49 cents and ultimately closing at $16.54. The day's trading volume totalled 2.11 million shares — under the 21-day average of 4.27 million.
Decreases for 10 days: Friday's slide leaves Iovance Biotherapeutics traders hoping for a bounce
Iovance Biotherapeutics's bearish run has lasted 10 days so far (-$2.66). more of the same from Friday's session: despite the risk-off mood, Iovance Biotherapeutics was range-bound between $6.05 to $6.29 and settled at $6.18. Friday's trading volume was 1.38 million shares which is lower than the 21-day average of 3.42 million.
Goes down for 7 days: NeoGames lost 3.74% Friday, closed at $13.39
NeoGames's bearish run has lasted 7 days so far (-$4.33). more of the same from Friday's session: after ending Wednesday at $13.91, NeoGames declined to $13 Friday before closing at $13.39, thereby losing 3.74% in total. The day's trading volume totalled 56,250 shares — under the 21-day average of 142,291.