Curaleaf Holdings, Inc., Signature Bank, Trulieve Cannabis Corp. and others have been dropping. Here is what you should know.
Leading equity indices in the US declined as after dropping 0.59%, Dow Jones closed at 33,400. S&P 500 shed 0.58% and closed at 4,100.6.
Meanwhile, United States JOLTs Job Openings (Feb) came out at 9.93 million, while a consensus of analysts was expecting 10.4 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.
| Curaleaf | 34.63% ($1.19) depreciation over 23 days (5.1739 cents per day average)
After setting a $2.5 – $2.68 range, Curaleaf Holdings, Inc. closed the day 5.6% lower at $2.53. Early in yesterday's session, Curaleaf dropped to $2.5 from $2.68 at the end of Monday, before closing at $2.53. During the session, it lost 5.6%.
Trading volume totalled 503,069 which equates to around 48% of the stock's 21-day average yesterday.
| Signature Bank | 30% (7.01 cents) depreciation over 5 days (1.402 cents per day average)
After setting a 15.25 cents – 19.45 cents range, Signature Bank closed the day 1.12% lower at 16.8 cents. Slightly down but mostly flat: Signature Bank ranged between 15.25 cents and 19.45 cents before closing at 16.8 cents. Yesterday's trading volume was 12.19 million shares which is slightly below the 21-day average of 14.72 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 1,666.67%.
| Trulieve Cannabis | continues a 22 day decline; descends 3.75% yesterday
Yesterday's session continued down the same path: Trulieve Cannabis shed 3.75%, falling to $5.14. After setting a $5.09 – $5.35 range, Trulieve Cannabis closed the day 3.75% lower at $5.14. Yesterday's trading volume was 266,400 shares which is below the 21-day average of 534,384.
The leading CBD products developer's market cap currently stands at $1 billion with an average daily trading volume of 534,384 shares. The leading CBD products developer has recovered 3.89% since descending to a significant low of $5.14 around a day ago. Trending downwards for around a month. Trulieve Cannabis has a forecast of $308.42 million with an EPS of -5 cents.