The main small cap stocks that are plunging: WalkMe Ltd. and Similarweb Ltd.
The leading indices are pointing up — Dow Jones up 0.58%, trading at 34,170. Nasdaq up to 10,974, gaining 0.38%.
At the same time, United States Consumer Price Index released today at 13:30 UTC with a figure of -0.1%, while the previous figure was 0.1%.
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.
| WalkMe | a 14.58% fall over an 8 day period
Having fallen 3.83% from $9.93 in the current session, WalkMe Ltd. is now trading at $9.55. The Californian SaaS platform is sliding down from $9.93 to $9.55, taking a 3.83% loss as it nears the end of the session.
| Similarweb | 6.13% decline over 7 days
Having fallen 3.28% from $6.25 in the current session, Similarweb is now trading at $6.04. The US web analytics company is sliding down from $6.25 to $6.04, taking a 3.28% loss as it nears the end of the session.