Desktop Metal Inc - Class A Shares Close the Week 25.2% Lower - Weekly Wrap

The company saw its shares close the week 25.2% lower than last week, with trading volume lower than its 30 day average.

Mar 26, 2021 by Kwhen Finance Editors

Desktop Metal Inc - Class A Shares Close the Week 25.2% Lower - Weekly Wrap
Desktop Metal Inc - Class A shares closed this week 25.2% lower than it did at the end of last week. The stock is currently down 8.8% year-to-date, up 58.3% over the past 12 months, and up 61.8% over the past five years. This week, the Dow Jones Industrial Average rose 1.4%, and the S&P 500 rose 1.7%.

Trading Activity

  • Shares traded as high as $21.44 and as low as $14.85 this week.
  • Shares closed 6e+1% below its 52-week high and 6e+1% above its 52-week low.
  • Trading volume this week was 14.2% higher than the 10-day average and 7.6% higher than the 30-day average.
  • Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.

Technical Indicators

  • The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
  • MACD, a trend-following momentum indicator, indicates a downward trend.
  • The stock closed below its Bollinger band, indicating it may be oversold.

Market Comparative Performance

  • The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis
  • The company's share price lags the Dow Jones Industrial Average this week, beats it on a 1-year basis, and lags it on a 5-year basis
NameDoD %ΔYTD %Δ1 Yr %52-Week H %52-Week L %
Desktop Metal Inc - Class A-7.0-8.858.3-55.558.0
Dow Jones Industrial Average1.48.655.8-1.461.3
S&P 500 Index1.66.358.8-1.562.9
Technology Industry-7.7-14.4-87.7-87.717.2

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