Stocks falling to new 52 week lows on June 29 are Knight Capital Group Inc, and AMR Corporation. Investors are selling the stock and pushing it lower because they may think that these stocks were overvalued. This could be caused by earnings not meeting expectations, investor speculation, or a fall in market growth.
Shares of Knight Capital Group Inc. (KCG) fell by 0.42% or $-0.05/share to $10.74. In the past year, the shares have traded as low as $10.76 and as high as $14.94. On average, 1141050 shares of KCG exchange hands on a given day and today's volume is recorded at 181972. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $12.19 area but be careful because the stock may face selling pressure at this level.
Shares of AMR Corporation (AMR) fell by 1.62% or $-0.09/share to $5.45. In the past year, the shares have traded as low as $5.44 and as high as $8.98. On average, 11820270 shares of AMR exchange hands on a given day and today's volume is recorded at 4149898. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $6.03 area but be careful because the stock may face selling pressure at this level.
