TuSimple Holdings Inc., Oatly Group AB, FIGS, Inc. and others have been slumping.
Markets closed higher yesterday; Dow Jones closed the day at 31,500, having gained 1.34%. S&P 500 gained 1.19% and closed at 3,797.34.
More data out yesterday as United States Services PMI released yesterday at 13:45 UTC with a figure of 46.6, while the previous figure was 49.3.
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.
A 15 day downtrend, falling 31.78%: TuSimple Holdings dropped by 2.11% and closed the session at $5.56
TuSimple Holdings Inc. has lost 31.78% over the last 15 days. more of the same from yesterday's session: TuSimple Holdings has almost recovered all its losses from a previous close of $5.68 after dipping down to $5.33 yesterday. Yesterday's trading volume was 1.33 million shares which is slightly below the 21-day average of 1.81 million.
29.47% drop, 15 days of losing: Yesterday's lacklustre sentiment ensured Oatly slid 1.95%
Oatly's bearish run has lasted 15 days so far (-80 cents). yesterday's session continued the recent downtrend: early in yesterday's session, Oatly dropped to $1.95 from $2.05 at the end of Friday, before closing at $2. During the session, it lost 1.95%.
Daily trading volume (5.33 million shares) was above the current multiday average of 2.73 million.
15 days of a downtrend, losing a total of 29.17%: Yesterday's slide leaves FIGS traders hoping for a bounce
FIGS's downtrend has seen it decline 29.17% in 15 days yesterday's session continued down the same path: after ending Friday at $6.93, FIGS dropped to $6.34 early in yesterday's session and closed at $6.75. In total, it lost 2.6%. Daily trading volume (5.70 million shares) was above the current multiday average of 3.45 million.