3 down-trending stocks stuck in range-bound markets

Published: November 25 2022, 17:30 GMT+0

3 down-trending stocks stuck in range-bound markets

Novavax, Inc., Iovance Biotherapeutics, Inc., GDS Holdings Limited and others have been slumping.

Markets are mixed with Dow Jones up to 34,364, gaining 0.5%. Nasdaq slipping 0.37% and closing at 11,244.

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.

Stumbles for 9 days and losing 34.35%, Novavax sheds 3.46%; sets session low of $16.32

While on a 9 day slump, falling a total of 34.35%, similar trend today: the US vaccine developer is sliding down from $17.03 to $16.44, taking a 3.46% loss as it nears the end of the session.

A 9 day downtrend, falling 31.42%: Iovance Biotherapeutics on track to close around $6.09 after losing 2.09%

While on a 9 day slump, falling a total of 31.42%, more of the same today: drifting lower, the US biotech pioneer is nearing the end of the session at $6.09 after ranging between $6.05 and $6.29 today.

Continuing a 5 day nosedive: GDS Holdings is around $11.5 after losing 1.88%

While on a 5 day downtrend, dropping a total of 27%, similar trend today: drifting lower, the Chinese fintech company is nearing the end of the session at $11.5 after ranging between $11.16 and $11.66 today.

Back