Why is Flomic Global falling/rising?
As of 13-Nov, Flomic Global Logistics Ltd's stock price is 55.95, down 0.59%, with a significant year-to-date decline of 22.77%. Despite a short-term gain of 2.01% over the past week, the overall trend remains negative, underperforming the Sensex in both the month and year.
As of 13-Nov, Flomic Global Logistics Ltd is experiencing a decline in its stock price, currently at 55.95, which reflects a decrease of 0.33 or 0.59%. The stock has been underperforming, having lost 5.44% over the last three days and is currently lower than the 5-day, 50-day, 100-day, and 200-day moving averages, although it remains above the 20-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 76.95% compared to the 5-day average. The stock's year-to-date performance shows a substantial decline of 22.77%, contrasting sharply with its impressive 5-year return of 4486.07%.In the broader market context, Flomic Global's short-term performance over the past week shows a gain of 2.01%, which is better than the Sensex's increase of 1.40%. However, over the past month, the stock has underperformed the benchmark, with a return of 1.82% compared to the Sensex's 2.61%. This suggests that while there may be some short-term recovery, the overall trend remains negative, particularly given the significant year-to-date and one-year declines of 22.77% and 18.68%, respectively, compared to the Sensex's positive returns.
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