Qurate Retail, Inc., Sirius XM Holdings Inc, QuantumScape Corporation have been the noticable stocks on a downtrend. Here is what you need to know.
Leading equity indices in the US rose as S&P 500 closed the day at 3,919.29, having gained 1.65%. Nasdaq ended the session at 11,428 after a 2.14% gain.
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.
| Qurate Retail | 47.39% (95 cents) depreciation over 10 days (9.5 cents per day average)
After setting a $1.1 – $1.24 range, Qurate Retail, Inc. closed the day 4.31% lower at $1.11. During yesterday's session, Qurate Retail toiled and struggled for upward momentum before closing at $1.11. By the close, the the US media corporation suffered a 5 cents or 4.31% loss. Yesterday's trading volume was 6.85 million shares which is slightly under the 21-day average of 7.66 million.
| Sirius XM | continues a month decline; slips 3.31% yesterday
After setting a $3.49 – $3.67 range, Sirius XM closed the day 3.31% lower at $3.51. During yesterday's session, Sirius XM toiled and struggled for upward momentum before closing at $3.51. By the close, the the American broadcasting company suffered a 12 cents or 3.31% loss. Daily trading volume (17.73 million shares) increased, making up 100% of the 21-day average (17.53 million). Just recently, Sirius XM's board disclosed a quarterly dividend of 2.42 cents per share and subsequently paid on Friday, February 24th for all shareholders of record up until Thursday, February 9th. The company's decision thereby provides Sirius XM investors with an annualised dividend yield of 2.76% (based on current prices).
QuantumScape continues an 18 day downtrend; decreases 5% yesterday
After setting a $7 – $7.65 range, QuantumScape closed the day 5% lower at $7.05. During yesterday's session, QuantumScape toiled and struggled for upward momentum before closing at $7.05. By the close, the the solid state lithium battery developer suffered a 37 cents or 5% loss. The day's trading volume totalled 5.14 million shares — slightly under the 21-day average of 6.70 million.