Bright Mountain Media, Inc., Signature Bank, Cloudflare, Inc. and others have been slumping.
Markets closed higher Friday, as Dow Jones gained 0.8% and closed at 34,100. S&P 500 closed the day at 4,169.48, having gained 0.83%.
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.
Bright Mountain Media continues a 5 day downtrend; falls 22.73% Friday
After setting a 4.25 cents – 4.875 cents range, Bright Mountain Media, Inc. closed the day 22.73% lower at 4.25 cents. During Friday's session, Bright Mountain Media toiled and struggled for upward momentum before closing at 4.25 cents. By the close, the the digital media company suffered a 1.25 cents or 22.73% loss. Daily trading volume (15,375 shares) was higher than the current multiday average of 11,148.
| Signature Bank | continues an 8 day decline; plunges 25.82% Friday
After setting a 9.31 cents – 12.69 cents range, Signature Bank closed the day 25.82% lower at 9.31 cents. After ending Thursday at 12.55 cents, Signature Bank dropped to 9.31 cents early in Friday's session and closed at 9.31 cents. In total, it lost 25.82%. The day's trading volume totalled 4.88 million shares — lower than the 21-day average of 9.24 million. Signature Bank disclosed a quarterly dividend of 70 cents per share on Thursday, January 12th that was paid on Friday, February 10th to all shareholders of record up until Friday, January 27th. Based on current prices, the company's decision thereby provides Signature Bank investors with an annual dividend yield of 3,007.52%.
| Cloudflare | 27.48% ($5.3) depreciation over 12 days (44.1667 cents per day average)
Friday's session continued down the same path: early in Friday's session, Cloudflare dropped to $43 from $59.58 at the end of Thursday, before closing at $47.05. During the session, it lost 21.03%.
After setting a $43 – $47.1 range, Cloudflare closed the day 21.03% lower at $47.05. Daily trading volume (33 million shares) increased, making up 614% of the 21-day average (5.39 million).
The DDoS mitigation company's market cap currently stands at $15.61 billion with an average daily trading volume of 5.39 million shares. 5 months ago, the US content delivery network fell to a low of $37.84 but has since recovered 57.45%. So far this year, it has been doing worse than the Nasdaq by 7.9%.