Upstart Holdings, Inc., BlackBerry Limited, Riot Blockchain, Inc. and others have been slumping.
The leading indices are falling — Dow Jones slipping 0.76% and closing at 32,967. S&P 500 drawing back 0.83% to 3,817.41.
On the flip side, data for United States Crude Oil Inventories published yesterday at 16:00 UTC came out at 718,000, beating projections of -1.52 million and showing improvement over the preceding figure of -5.89 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.
A month of losses drag on for Upstart Holdings
Upstart Holdings, Inc. drops 1.29% since opening around $12.72 after dipping as low as $12.63, the cloud-based AI platform is recovering ground lost since the previous session close ($13.16); currently trading at $13.
| BlackBerry | a 38% fall over a 19 day period
BlackBerry drops 1.07% since opening around $3.22 the Canadian cybersecurity specialist is recovering some losses, but is not all the way back to $3.26, after dipping down to $3.18 today.
19 days of losses drag on for Riot Blockchain, Inc.
Riot Blockchain, Inc. drops 1.02% since opening around $3.33 after dipping as low as $3.28, the Bitcoin miner is recovering ground lost since the previous session close ($3.42); currently trading at $3.38.