Bearish Honda declines 7 cents (0.24%)

Published: May 27 2023, 04:50 GMT+0

Bearish Honda declines 7 cents (0.24%)

A quick look at yesterday: slightly down but mostly flat: Honda Motor Co., Ltd. ranged between $28.45 and $28.79 before closing at $28.67.

United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

While price action maintains a negative bias, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

On the other hand, positive performances could be seen by looking at other consumer discretionary stocks as Amazon added 4.44% to its value, and traded at $120.11. Tesla gained 4.72%, as it traded at $193.17. Lowe's added 2.73% to its value, and traded at $206.52.

The stock has been trending positively for about 2 months. The iconic Japanese auto maker has managed to gain 23.14% so far this year despite trading at lows around $21.59 previously.