WalkMe Ltd., Similarweb Ltd., Radware Ltd. and others have been dropping. Here is what you should know.
Leading equity indices in the US rose as Nasdaq closed the day at 11,079, having gained 0.71%. S&P 500 gained 0.4% and closed at 3,999.
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 | 18.07% ($1.58) depreciation over 10 days (15.8 cents per day average)
After setting a $9.04 – $9.63 range, WalkMe Ltd. closed the day 4.58% lower at $9.16. After a mostly steady day, the multinational SaaS company lost 4.58% deep into the session, closing at $9.16. Daily trading volume (108,351 shares) increased, making up 106% of the 21-day average (102,448).
| Similarweb | 8.7% (41 cents) depreciation over 9 days (4.5556 cents per day average)
After setting a $5.75 – $6.1 range, Similarweb closed the day 2.49% lower at $5.88. An influx of sellers pushed the US web analytics company to end the session lower around $5.88, while establishing a $5.75 to $6.1 session range Friday. Friday's trading volume was 164,863 shares which is slightly below the 21-day average of 174,417.
| Radware | 3.93% (24 cents) depreciation over 4 days (6 cents per day average)
After setting a $19.53 – $20.13 range, Radware closed the day 2.78% lower at $19.56. After ending Thursday at $20.12, Radware dropped to $19.53 early in Friday's session and closed at $19.56. In total, it lost 2.78%. Daily trading volume (258,300 shares) increased, making up 152% of the 21-day average (169,581).