(VIANEWS) – Shares of DEEZER (CAC 40: DEEZR.PA) dropped by a staggering 29.45% in 10 sessions from €2.75 to €1.94 at 13:54 EST on Thursday, after five consecutive sessions in a row of losses. CAC 40 is falling 0.26% to €7,305.67, after two sequential sessions in a row of losses.
DEEZER’s last close was €2.00, 76.47% under its 52-week high of €8.50.
About DEEZER
Deezer S.A. provides music streaming services worldwide. The company streams songs, audio books, and radio channels. It offers its music steaming services through website, Deezer.com and a mobile application; and operates in approximately 180 countries. The company was founded in 2006 and is based in Paris, France.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, DEEZER’s stock is considered to be overbought (>=80).
Volume
Today’s last reported volume for DEEZER is 20326 which is 60.47% above its average volume of 9529.
Moving Average
DEEZER’s value is way below its 50-day moving average of €2.60 and way under its 200-day moving average of €3.45.
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