Stocks falling to new 52 week lows on June 6 are E-House (China) Holdings Limited, Air Lease Corporation, Artio Global Investors Inc, Brown Shoe Co. Inc, and Greenhill & Co., Inc. 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 E-House (China) Holdings Limited (EJ) fell by 2.89% or $-0.25/share to $8.39. In the past year, the shares have traded as low as $8.55 and as high as $19.74. On average, 385880 shares of EJ exchange hands on a given day and today's volume is recorded at 300290. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $14.19 area where the stock may encounter resistance.
Shares of Air Lease Corporation (AL) fell by 1.4% or $-0.37/share to $26.0. In the past year, the shares have traded as low as $26.37 and as high as $29.94. On average, 1040119 shares of AL exchange hands on a given day and today's volume is recorded at 277138. 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 $28.15 area but be careful because the stock may face selling pressure at this level.
Shares of Artio Global Investors Inc. (ART) fell by 1.66% or $-0.21/share to $12.47. In the past year, the shares have traded as low as $12.67 and as high as $18.04. On average, 237880 shares of ART exchange hands on a given day and today's volume is recorded at 171629. 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 $15.55 area but be careful because the stock may face selling pressure at this level.
Shares of Brown Shoe Co. Inc. (BWS) fell by 2.67% or $-0.25/share to $9.11. In the past year, the shares have traded as low as $9.31 and as high as $18.06. On average, 687920 shares of BWS exchange hands on a given day and today's volume is recorded at 190528. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $12.55 area where the stock may encounter resistance.
Shares of Greenhill & Co., Inc. (GHL) fell by 2.81% or $-1.45/share to $50.1. In the past year, the shares have traded as low as $51.33 and as high as $83.29. On average, 350970 shares of GHL exchange hands on a given day and today's volume is recorded at 136868. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $70.85 area where the stock may encounter resistance.
