CureVac N.V., Qurate Retail, Inc., Sirius XM Holdings Inc are currently leading the list of down-trending stocks.
The leading indices were losing ground — S&P 500 trades at 3,950.37 after losing 1.04%. Dow Jones drawing back 0.85% to 32,518.
This downslide might be related to financial indicators data published earlier as United States Initial Jobless Claims published today at 13:30 UTC came out at 211,000, falling short of the 195,000 projections and continuing its decline from the previous 190,000 figure.
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.
| CureVac | withdraws to $6.89 while on a 25 day downtrend
CureVac N.V. drops 5.94% since opening around $7.26 the RNA therapeutics developer crashes after losing 5.94%, down to $6.89.
| Qurate Retail | maintaining a 7 day downtrend having fallen 37.91%
Qurate Retail drops 2.24% since opening around $1.36 slightly weaker but mostly flat: Qurate Retail is currently trading at $1.31 as it maintains an active range between $1.28 and $1.4.
| Sirius XM | a 35.92% fall over a month period
Sirius XM drops 0.39% since opening around $3.86 while bearish sentiment is dominating the market, the American broadcasting company is maintaining its poise around $3.84 while ranging between $3.82 and $3.88 so far today. Also, the firm paid out a quarterly dividend of 2.42 cents per share on Friday, February 24th to all active shareholders as of Thursday, February 9th. Eligible investors secured a quarterly dividend yield of 2.52% for this year.