Stocks falling to new 52 week lows on June 7 are RadioShack Corp, Radian Group Inc, Skechers USA Inc, Isoftstone Holdings Limited, and Sony 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 RadioShack Corp. (RSH) fell by 1.9% or $-0.26/share to $13.42. In the past year, the shares have traded as low as $13.61 and as high as $23.07. On average, 3377040 shares of RSH exchange hands on a given day and today's volume is recorded at 2149031. 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 $17.57 area where the stock may encounter resistance.
Shares of Radian Group Inc. (RDN) fell by 3.53% or $-0.15/share to $4.1. In the past year, the shares have traded as low as $4.19 and as high as $10.25. On average, 3808000 shares of RDN exchange hands on a given day and today's volume is recorded at 2023808. 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 $7.20 area where the stock may encounter resistance.
Shares of Skechers USA Inc. (SKX) fell by 1.67% or $-0.26/share to $15.3. In the past year, the shares have traded as low as $15.54 and as high as $44.89. On average, 914490 shares of SKX exchange hands on a given day and today's volume is recorded at 715737. 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 $21.25 area where the stock may encounter resistance.
Shares of Isoftstone Holdings Limited (ISS) fell by 0.92% or $-0.13/share to $13.95. In the past year, the shares have traded as low as $13.61 and as high as $22.63. On average, 197360 shares of ISS exchange hands on a given day and today's volume is recorded at 157793. 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 $18.66 area where the stock may encounter resistance.
Shares of Sony Corporation (SNE) fell by 1.9% or $-0.49/share to $25.27. In the past year, the shares have traded as low as $25.61 and as high as $36.97. On average, 1267570 shares of SNE exchange hands on a given day and today's volume is recorded at 540488. 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 $32.46 area where the stock may encounter resistance.
