Equifax (EFX) fell by 7.35% to close below $155. Shares fell despite the firm posting no news. This extended its downtrend that began last year.
Echostar (SATS) fell by 7.66%. At this rate, it might test a support zone of around $100. The communications services firm had the highest short interest of over 25% earlier this month. Trade Desk (TTD), Charter (CHTR), and AST SpaceMobile (ASTS) also attract bears.
SpaceX (SPCX) closed down for the first time as a newly listed firm. Beware of more downward pressure on the share price next. The lock-up expiry is the next major headwind for SPCX stock.
Carvana (CVNA) dropped by over 10%. Short interest is around 10%. The firm’s core business is the credit (loan) business. It then repackages those low-quality credits, selling them above market value. If credit markets break down, CVNA stock has even further to drop.
Nasdaq (QQQ) traded at lows not seen since April. Shares fell by 6.7%. Its decision to include SpaceX stock on the index is troubling. That forces passive investors holding ETFs to buy SPCX stock at any price.
CME Group (CME) is re-testing a $250 support zone. Markets did not like the CEO transition announcement. CEO Terry Duffy will become its executive chairman next year. Still, sentiment is weak for both CME and CBOE shares.
