Stocks falling to new 52 week lows on June 15 are Frontline Ltd, The Hanover Insurance Group Inc, Companhia Siderurgica Nacional, Jiayuan.com International Ltd, and Logitech International SA. 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 Frontline Ltd. (FRO) fell by 3.43% or $-0.56/share to $15.75. In the past year, the shares have traded as low as $15.79 and as high as $35.15. On average, 1285130 shares of FRO exchange hands on a given day and today's volume is recorded at 522819. 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 $20.37 area but be careful because the stock may face selling pressure at this level.
Shares of The Hanover Insurance Group Inc. (THG) fell by 1.17% or $-0.45/share to $38.11. In the past year, the shares have traded as low as $38.50 and as high as $48.33. On average, 380660 shares of THG exchange hands on a given day and today's volume is recorded at 43193. 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 $41.83 area but be careful because the stock may face selling pressure at this level.
Shares of Companhia Siderurgica Nacional (SID) fell by 1.43% or $-0.18/share to $12.41. In the past year, the shares have traded as low as $12.54 and as high as $17.43. On average, 4320150 shares of SID exchange hands on a given day and today's volume is recorded at 1522148. 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 $14.42 area but be careful because the stock may face selling pressure at this level.
Shares of Jiayuan.com International Ltd. (DATE) fell by 1.21% or $-0.12/share to $9.8. In the past year, the shares have traded as low as $9.65 and as high as $15.80. On average, 833830 shares of DATE exchange hands on a given day and today's volume is recorded at 46443. 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 $12.24 area but be careful because the stock may face selling pressure at this level.
Shares of Logitech International SA (LOGI) fell by 2.4% or $-0.29/share to $11.77. In the past year, the shares have traded as low as $11.84 and as high as $23.29. On average, 1820410 shares of LOGI exchange hands on a given day and today's volume is recorded at 966970. 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 $13.22 area but be careful because the stock may face selling pressure at this level.
