Opendoor Technologies Inc., Marathon Digital Holdings, Inc., Cronos Group Inc. have been the noticable small cap stocks on a downtrend. Here is what you need to know.
Markets are up as Dow Jones up to 33,300, gaining 1.44%. S&P 500 up 1.17%, trading at 3,851.31.
What is a downtrend?
A trend is the overall direction of a market or an asset’s trading price over a certain period. A downtrend is when the price is generally pointing downwards; there can be certain periods of time when the price increases, yet the trend remains in a downward direction.
Falls for 10 days and losing 41.36%, Opendoor Technologies Inc currently down 8.07% prior to afternoon session
While on a 10 day downtrend, dropping a total of 41.36%, more of the same today: Opendoor Technologies Inc is trading close to the $1.59 level today, after ending yesterday at $1.73 and dropping 8.07%. The trading volume is at 32.13 million, 154% above the 21-day average of 20.81 million.
The company reported mixed earnings results Thursday, with EPS at -0.6 and revenues at $3.36 billion. Since the release of its earnings report, Opendoor Technologies Inc lost 30.35%.
10 days of losses drag on: Marathon Digital Holdings, Inc. goes down 6.38% ahead of quarterly report tomorrow
While on a 10 day slump, falling a total of 33.4%, similar trend today: Marathon Digital Holdings, Inc. drops 6.38% in early trade and remains within touching distance of the $9.83 level.
Marathon Digital Holdings, Inc. is scheduled to announce earnings results tomorrow. The consensus EPS estimate is -0.36 and the consensus revenue estimate is $22.11 million.
6 days of losses drag on: Cronos Group slips to $2.77 after mixed quarterly performance report released
In the last 6 days, Cronos Group has lost a total of 16.16% of its value. similar trend today: Cronos Group is recovering some losses, but is not all the way back to $2.79, after dipping down to $2.71 today.
Cronos Group reported ambiguous earnings results yesterday, with EPS at -0.1 and revenues at $26.58 million. Since the release of its earnings report, Cronos Group lost 9.9%.