Business

Market Watch for WTER, WEI, SRNE, SQQQ

In today’s limelight are these four stocks that we’re talking about. 

Alkaline Water Company Inc stock trades bearish on Wednesday session

Alkaline Water Company Inc (NASDAQ: WTER) was down 7.48% to trade at $1.36 on Wednesday’s session after moving within the range of $1.26 – $1.47. The yearly range of this stock is $0.93 – $2.60. Arizona-headquartered company has a market capitalization of $120.65 million. Over the last five days, this stock has remained 8.17% down. At the end of the session, 318K shares were trading against its average volume of 1.67 million shares. 

Weidai Ltd (NYSE: WEI) remains down over the week

As we are at the end of this week, WEI continues to remain bearish. Over the last five days, the stock has moved south, registering a double-digit fall of 13.73% on Wednesday. Over the week, the stock moved down 20.96%. Yesterday, WEI exited the market at $1.32 after moving in the range of $1.30 – $1.60. Its yearly range is $0.73 – $5.49. 

Sorrento Therapeutics Inc (NASDAQ: SRNE) continues a month-long downtrend 

Since June 2021, the stock has moved down 4.83%. The same spell has continued in the last five days, which dribbled down even yesterday. Sorrento had a double-digit downfall of 12.95% yesterday, and it closed at $8.27, registering a loss of $1.23. There were 51K shares exchanged till 4:00 p.m. yesterday against its average volume of 8.26 million. 

ProShares UltraPro Short QQQ ETF (NASDAQ: SQQQ) remains down since the beginning of the year

SQQQ has remained down since the beginning of this year. Since January, there has been a fall of 39.68%. The stock dropped 0.75% on Wednesday and exited at $8.65 after trading in the $8.52 – $8.80 range. The stock is moving close to its 52-week low. The yearly range of SQQQ is $8.52 – $29.42. There were 547K shares exchanged at the end of the hours yesterday against its average trading volume of 61.76 million shares. 

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