WalkMe Ltd., Cronos Group Inc., N-able, Inc. and others have been slumping.
Markets closed higher yesterday; Nasdaq ended the session at 10,743 after a 1% gain. S&P 500 gained 0.7% and closed at 3,919.25.
More data out yesterday as United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of 14.87 million, while the previous figure was 3.30 million.
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 continues a 6 day downtrend; slides down 0.2% yesterday
After setting a $9.73 – $10.26 range, WalkMe Ltd. closed the day 0.2% lower at $9.89. After ending Monday at $9.91, WalkMe fell to $9.89. Overall, a 0.2% move or 2 cents yesterday. The day's trading volume totalled 48,508 shares — lower than the 21-day average of 112,667.
| Cronos Group | 5.77% (10 cents) depreciation over 4 days (2.5 cents per day average)
After setting a $2.44 – $2.54 range, Cronos Group closed the day 2% lower at $2.45. Pronounced bearish market sentiment ensured that the innovative cannabinoid company made a notable 2% loss yesterday, declining 5 cents and ultimately closing at $2.45. Yesterday's trading volume was 1.37 million shares which is slightly below the 21-day average of 1.55 million.
| N-able | continues a 4 day decline; slumps 1.69% yesterday
After setting a $9.6 – $9.91 range, N-able closed the day 1.69% lower at $9.87. Early in yesterday's session, N-able dropped to $9.6 from $10.04 at the end of Monday, before closing at $9.87. During the session, it lost 1.69%.
Daily trading volume (311,495 shares) increased, making up 115% of the 21-day average (271,871).