Mullen Automotive, Inc., CureVac N.V., Similarweb Ltd. and others have been dropping. Here is what you should know.
Leading equity indices in the US declined as Dow Jones lost 1.81% and ended the session at 33,300. After dropping 1.56%, S&P 500 closed at 3,929.
This downslide might be related to financial indicators data published earlier as data from United States concerning Producer Price Index was released yesterday at 13:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.2% to -0.5% this month.
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.
| Mullen | continues a 5 day decline; drops 6.62% yesterday
After setting a 28 cents – 31.48 cents range, Mullen Automotive, Inc. closed the day 6.62% lower at 28.05 cents. The US automotive and EV manufacturer has recovered almost all of its session losses after dipping down to 28 cents yesterday. Yesterday's trading volume was 184.54 million shares which is slightly below the 21-day average of 224.51 million.
CureVac continues a 5 day downtrend; withdraws 3.07% yesterday
After setting a $9.3 – $9.63 range, CureVac closed the day 3.07% lower at $9.48. An influx of sellers pushed the RNA therapeutics developer to session lows around $9.3 while establishing a $9.3 to $9.63 session range yesterday. Yesterday's trading volume was 734,259 shares which is lower than the 21-day average of 1.39 million.
| Similarweb | continues an 11 day decline; descends 1.75% yesterday
After setting a $5.57 – $6 range, Similarweb closed the day 1.75% lower at $5.6. An influx of sellers pushed the US web analytics company to session lows around $5.57 while establishing a $5.57 to $6 session range yesterday. Yesterday's trading volume was 92,595 shares which is below the 21-day average of 164,258.