Novavax, Inc., Upstart Holdings, Inc., TuSimple Holdings Inc. and others have been dropping. Here is what you should know.
Markets completed a mixed session Friday while after dropping 0.18%, Nasdaq closed at 11,461. S&P 500 slipped 0.12% and closed at 4,071.7.
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.
Decreases for 15 days and shedding 34.03%: Risk-off sentiment pushes Novavax to 1.96% loss Friday
Having fallen $8.19 in 15 days, Friday's session continued down the same path: early in Friday's session, Novavax dropped to $15.53 from $16.85 at the end of Thursday, before closing at $16.52. During the session, it lost 1.96%.
Daily trading volume (6.19 million shares) was slightly greater than the current multiday average of 4.70 million.
Stumbles for 15 days: Bearish Upstart Holdings declines 37 cents (1.94%)
Having fallen $3.5 in 15 days, Friday's session continued the recent downtrend: an influx of sellers pushed the AI-powered lender to end the session lower around $18.67, while establishing a $18.35 to $19.1 session range Friday. Friday's trading volume was 3.48 million shares which is under the 21-day average of 5.83 million.
Continuing a 7 day nosedive: TuSimple Holdings sheds 1.34% within $2.13 to $2.24 daily range
Having fallen 12 cents in 7 days, more of the same from Friday's session: the self-driving technology developer has almost recovered all its losses from a previous close of $2.24 after dipping down to $2.13 Friday. Friday's trading volume was 1.90 million shares which is under the 21-day average of 4.97 million.