Market Turmoil: Blue Owl Capital and Major ETFs Plunge Below 200-Day Moving Average

August 2, 2024
Market Turmoil: Blue Owl Capital and Major ETFs Plunge Below 200-Day Moving Average
  • Shares of Blue Owl Capital Inc Class A (OWL) fell below their 200-day moving average of $16.58, trading as low as $16.23, and are currently down approximately 4.2% for the day.

  • Overall, the stock market has seen significant declines, with Blue Owl Capital's stock down approximately 8.4% for the day.

  • On Friday, shares of the First Trust Consumer Discretionary AlphaDEX Fund ETF (FXD) fell below their 200-day moving average of $58.22, reaching a low of $57.58, and are currently down approximately 3.2% for the day.

  • Similarly, shares of the First Trust Dow Jones Internet Index Fund ETF (FDN) fell below their 200-day moving average of $191.28, trading as low as $186.43, with a current decline of approximately 4.7%.

  • The First Trust Technology AlphaDEX Fund ETF (FXL) also experienced a drop, falling below its 200-day moving average of $128.86.

  • In addition, the iShares MSCI South Korea ETF (EWY) fell below its 200-day moving average of $63.54, trading as low as $63.48, and is currently down approximately 2.6%.

  • The iShares MSCI EAFE Growth ETF (EFG) also fell below its 200-day moving average of $98.36, reaching a low of $98.19 per share.

  • Borr Drilling Ltd's stock is currently down approximately 7% for the day after falling below its 200-day moving average of $6.38.

  • Greenbrier Companies Inc's stock has seen a decline of approximately 7.4% for the day, trading as low as $46.25.

  • BNK Invest Inc. operates several financial news websites, including DividendChannel and ETFChannel, providing investment services and information to investors globally.

  • The article includes links to additional resources, highlighting top dividend opportunities and identifying other dividend stocks that have recently crossed below their 200-day moving average.

Summary based on 24 sources


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