In trading on Tuesday, Eve Holding Inc (Symbol: EVEX) saw its shares fall below the 200-day moving average of $4.64, hitting a low of $4.36, representing a decline of approximately 7% for the day. This marks a significant movement for the stock as it currently trades at $4.46, within a 52-week range that has seen a low of $2.83 and a high of $7.69.
The 200-day moving average is an important technical indicator, and this recent drop suggests potential volatility for investors.
