Foresight Autonomous Holdings Ltd., Catalent Inc, Canopy Growth Corporation are at the top of this list of down trending stocks.
Leading equity indices in the US declined as Dow Jones was down 0.42% before closing the session at 33,900. Nasdaq shed 0.35% and closed at 12,123.
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.
| Foresight Autonomous | 33.82% (15.1619 cents) depreciation over 18 days (0.8423 cents per day average)
After setting a 30.2 cents – 34.76 cents range, Foresight Autonomous Holdings Ltd. closed the day 4.65% lower at 32.8 cents. Early in Friday's session, Foresight Autonomous dropped to 30.2 cents from 34.4 cents at the end of Thursday, before closing at 32.8 cents. During the session, it lost 4.65%.
Daily trading volume (587,844 shares) was higher than the current multiday average of 194,734.
| Catalent | 31.13% ($3.95) depreciation over 5 days (79 cents per day average)
Friday's session continued down the same path: after ending Thursday at $63.31, Catalent dropped to $45.09 early in Friday's session and closed at $46.32. In total, it lost 26.84%. After setting a $45.09 – $50.7 range, Catalent closed the day 26.84% lower at $46.32. Catalent traded at $46.32 after making its biggest single-day drop of $17 (26.84%) since November 2022. Daily trading volume (21.45 million shares) was above the current multiday average of 2.55 million.
Catalent's market cap is currently $8.34 billion with an average daily volume of 2.55 million shares. The pharmaceutical developer has fallen back around 44.32% from the significant high of $113.71 set 10 months ago. So far this year, it has been doing worse than the S&P by 6.17%. Catalent last reported revenue of $1.15 billion with an EPS of 62 cents.
Canopy Growth continues an 18 day downtrend; falls 5.3% Friday
After setting a $1.43 – $1.52 range, Canopy Growth closed the day 5.3% lower at $1.43. After ending Thursday at $1.51, Canopy Growth declined to $1.43 Friday before closing at $1.43, thereby losing 5.3% in total. Daily trading volume (6.37 million shares) increased, making up 114% of the 21-day average (5.57 million).