The main small cap stocks that are plunging: Marathon Digital Holdings, Inc., Riot Blockchain, Inc., Radware Ltd.
The leading indices are currently lower — Nasdaq slipping 1.33% and closing at 11,200. S&P 500 drawing back 0.51% to 3,971.21.
This down-slide takes place while United States macroeconomics indicators data published earlier are pointing downward as well — United States Crude Oil Inventories published today at 15:30 UTC came out at -5.4 million, falling short of the -440,000 projections and continuing its decline from the previous 3.92 million figure.
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.
Drops for 16 days: Marathon Digital Holdings, Inc. down to $8.64 for the first time in 4 months and a half
While on a 16 day slump, falling a total of 40.92%, more of the same today: Marathon Digital Holdings, Inc. is deeply in the red after losing 8.21%, trading down to $8.72.
4 days of a downtrend, losing a total of 10.7%: Riot Blockchain, Inc. withdraws to $4.84
In the last 4 days, Riot Blockchain, Inc. has lost a total of 10.7% of its value. similar trend today: Riot Blockchain, Inc. is trading close to the $4.84 level today, after ending yesterday at $5.22 and dropping 7.28%.
Retreats for 4 days: Radware retreats to $20.95
More of the same today: Radware is down to $20.95, after ending yesterday at $21.23. Overall, a 1.3% loss or 27.5 cents today. In the last 4 days, Radware has lost a total of 4.27% of its value.
Radware's market cap is currently $939.64 million with an average daily trading volume of 342,724 shares. Radware is now trading 17.1% above the significant low ($18.13) it slumped to 13 days ago. Radware is forecasted to generate revenues of $74.53 million and EPS of 4 cents.