Stocks falling to new 52 week lows on June 15 are Cree Inc, National Bank of Greece SA, Renren Inc. American Depositary, Central Pacific Financial Corp, and Arcos Dorados Holdings Inc. Cla. 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 Cree Inc. (CREE) fell by 3.16% or $-1.19/share to $36.51. In the past year, the shares have traded as low as $37.37 and as high as $76.14. On average, 3792000 shares of CREE exchange hands on a given day and today's volume is recorded at 2923250. 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 $41.12 area but be careful because the stock may face selling pressure at this level.
Shares of National Bank of Greece SA (NBG) fell by 3.05% or $-0.04/share to $1.27. In the past year, the shares have traded as low as $1.27 and as high as $3.23. On average, 4252200 shares of NBG exchange hands on a given day and today's volume is recorded at 4276529. 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 $1.50 area but be careful because the stock may face selling pressure at this level.
Shares of Renren Inc. American Depositary (RENN) fell by 5.74% or $-0.47/share to $7.8. In the past year, the shares have traded as low as $7.91 and as high as $24.01. On average, 11575210 shares of RENN exchange hands on a given day and today's volume is recorded at 3231738. 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 $12.80 area but be careful because the stock may face selling pressure at this level.
Shares of Central Pacific Financial Corp. (CPF) fell by 13.87% or $-1.96/share to $12.17. In the past year, the shares have traded as low as $12.42 and as high as $53.01. On average, 69080 shares of CPF exchange hands on a given day and today's volume is recorded at 146509. 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 $15.00 area but be careful because the stock may face selling pressure at this level.
Shares of Arcos Dorados Holdings Inc. Cla (ARCO) fell by 1.68% or $-0.35/share to $20.44. In the past year, the shares have traded as low as $20.42 and as high as $25.95. On average, 3259610 shares of ARCO exchange hands on a given day and today's volume is recorded at 527498. 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 $22.34 area but be careful because the stock may face selling pressure at this level.
