Discover the 3 biggest losers in today's range-bound market

Published: September 28 2022, 10:00 GMT+0

Discover the 3 biggest losers in today's range-bound market

A challenging day: Ripple falls, loses 5.73%

Current market events are being influenced by ambiguous macro data as United States New Home Sales (Aug) released yesterday at 14:00 UTC with a figure of 685,000, while the previous figure was 532,000.

-10%: Vipshop bounced 12.5 cents from 4 months low and closed at $8.38

After ending yesterday at $8.38, Vipshop dropped 93 cents to $8.26, reaching its lowest point in 4 months. Yesterday's fall added to a 7 day bearish run, during which Vipshop lost 66 cents. Daily trading volume (8.84 million shares) increased, making up 184% of the 21-day average (4.81 million).

-9.49%: Vimeo closed at $3.91 after losing 9.49% yesterday

More of the same from yesterday's session: Vimeo shed 9.49%, falling to $3.91. The company has a market cap of $650.56 million with an average daily volume of 2.12 million shares. So far in 2022, it has been under-performing the Nasdaq by 30.08%.

-5.73%: Ripple ended the previous session at $0.447; currently trading at $0.422

More of the same today: XRP drops from $0.447 to $0.422, losing $0.026 (5.73%) today. XRP is currently trading with a market cap of 21 billion with an average daily volume of 7.12 million.

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