TuSimple Holdings Inc., CommScope Holding Company, Inc., Qurate Retail, Inc. and others have been slumping.
Markets closed higher Friday, as Dow Jones closed the day at 32,400, having gained 1.26%. S&P 500 ended the session at 3,770.55 after a 1.36% gain.
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.
Dips for 6 days and losing 59.11%, TuSimple Holdings suffers weak session with 9.47% loss; downside halted at $2.53
Friday's session continued down the same path: pronounced bearish market sentiment ensured that TuSimple Holdings made a notable 9.47% loss Friday, declining 27 cents and ultimately closing at $2.58. Having fallen $3.46 in 6 days, daily trading volume (15.71 million shares) increased, making up 327% of the 21-day average (4.80 million).
TuSimple Holdings's market cap currently stands at $580.75 million with an average daily trading volume of 4.80 million shares. 11 months ago TuSimple Holdings reached a significant high of $40.73 but has consequently lost 93% since then. So far in 2022, it has been under-performing the Nasdaq by 40.43%. Trending downwards for around 3 months.
Continuing a 6 day nosedive: CommScope Holding Company, Inc. depreciates 3.88% with $9.05 as the low of the day
CommScope Holding Company, Inc. has lost 31.74% over the last 6 days. more of the same from Friday's session: pronounced bearish sentiment in the market pushed CommScope Holding Company, Inc. into a notable 3.88% slide Friday, falling 37 cents and ultimately closing at $9.16. Daily trading volume (7.48 million shares) was higher than the current multiday average of 3.38 million.
CommScope Holding Company, Inc. was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.44 per share on revenue of $2.38 billion, topping estimates of 0.42 per share on revenue of $2.30 billion.
Plunges for 4 days: Qurate Retail lost 21.24% Friday, closed at $1.78
Friday's session continued the recent downtrend: after ending Thursday at $2.26, Qurate Retail dropped to $1.5 early in Friday's session and closed at $1.78. In total, it lost 21.24%. Qurate Retail's bearish run has lasted 4 days so far (-17 cents). Daily trading volume (16.51 million shares) was above the current multiday average of 5.50 million.
Qurate Retail is currently trading with a market cap of $708.12 million with an average daily volume of 5.50 million shares. Having set a significant low of $1.78 3 days ago, Qurate Retail is trading 26.97% higher.