CommScope Holding Company, Inc., Arrival, Bright Mountain Media, Inc. and others have been dropping. Here is what you should know.
Leading equity indices in the US declined as Nasdaq shed 0.8% and closed at 12,060. S&P 500 was down 0.6% before closing the session at 4,129.79.
Amid the market gloom, United States Existing Home Sales (Mar) released yesterday at 14:00 UTC with a figure of 4.44 million, while the previous figure was 4.55 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.
CommScope Holding Company, Inc. continues a 14 day downtrend; drops 4% yesterday
Yesterday's session continued down the same path: an influx of sellers pushed the US network infrastructure provider to session lows around $4.5 while establishing a $4.5 to $4.67 session range yesterday. After setting a $4.5 – $4.67 range, CommScope Holding Company, Inc. closed the day 4% lower at $4.54. Daily trading volume (4.20 million shares) increased, making up 153% of the 21-day average (2.74 million).
CommScope Holding Company, Inc.'s market cap currently stands at $952.25 million with an average daily volume of 2.74 million shares. The US network infrastructure provider is now trading 4.19% above the significant low ($4.54) it slumped to a day ago. CommScope Holding Company, Inc.'s last revenue report was $2.32 billion with an EPS of 43 cents.
| Arrival | continues a 4 day decline; plunges 14.77% yesterday
After setting a $three – $3.5 range, Arrival closed the day 14.77% lower at $three. Pronounced bearish sentiment in the market pushed the EV maker into a notable 14.77% slide yesterday, falling 52 cents and ultimately closing at $three. Yesterday's trading volume was 711,398 shares which is under the 21-day average of 13.81 million.
| Bright Mountain Media | 27.14% (1.98 cents) depreciation over 5 days (0.396 cents per day average)
After setting a 8 cents – 8.7475 cents range, Bright Mountain Media closed the day 11.11% lower at 8 cents. During yesterday's session, Bright Mountain Media toiled and struggled for upward momentum before closing at 8 cents. By the close, the the digital media company suffered a 1 cents or 11.11% loss. Daily trading volume (9,650 shares) was slightly greater than the current multiday average of 9,167.