Marathon Digital Holdings, Inc. and RADA Electronic Industries Ltd. and others have been dropping. Here is what you should know.
Markets are up including news that Nasdaq goes up 1.82%, trading at 11,316. S&P 500 up 0.87%, trading at 3,991.
Meanwhile, United States Core Consumer Prices released yesterday at 13:30 UTC with a figure of 0.3%, while the previous figure was 0.6%.
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.
Slumps for 13 days: Marathon Digital Holdings, Inc. sheds 0.95%; sets session low of $8.89
While on a 13 day slump, falling a total of 33.03%, more of the same today: as the current session draws to a close, Marathon Digital Holdings, Inc. is hovering around the $9.88 level after closing yesterday at $10 and dropping by 0.95%. The trading volume is at 20.54 million, 106% above the 21-day average of 19.41 million.
A 6 day downtrend, falling 12.31%: RADA Electronic Industries sheds 2%; sets session low of $9.74
In the last 6 days, RADA Electronic Industries has lost a total of 12.31% of its value. similar trend today: as the current session draws to a close, RADA Electronic Industries remains in the $9.74 – $10.13 range after closing yesterday at $10.03 and dropping by 2%.
RADA Electronic Industries is scheduled to announce earnings results Wednesday. The consensus EPS estimate is 0.05 and the consensus revenue estimate is $30.61 million.