Stocks falling to new 52 week lows on June 24 are Logitech International SA, Aegean Marine Petroleum Network Inc, Fibria Celulose SA, Kosmos Energy Ltd. Common Share, and Quad/Graphics, 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 Logitech International SA (LOGI) fell by 1.83% or $-0.20/share to $10.74. In the past year, the shares have traded as low as $10.66 and as high as $23.29. On average, 1895940 shares of LOGI exchange hands on a given day and today's volume is recorded at 833680. 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 $12.77 area but be careful because the stock may face selling pressure at this level.
Shares of Aegean Marine Petroleum Network Inc. (ANW) fell by 3.08% or $-0.22/share to $6.92. In the past year, the shares have traded as low as $6.95 and as high as $28.12. On average, 581530 shares of ANW exchange hands on a given day and today's volume is recorded at 322855. 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 $8.22 area but be careful because the stock may face selling pressure at this level.
Shares of Fibria Celulose SA (FBR) fell by 2.67% or $-0.36/share to $13.1. In the past year, the shares have traded as low as $13.24 and as high as $19.11. On average, 1547290 shares of FBR exchange hands on a given day and today's volume is recorded at 519631. 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 $14.74 area but be careful because the stock may face selling pressure at this level.
Shares of Kosmos Energy Ltd. Common Share (KOS) fell by 3.53% or $-0.63/share to $17.21. In the past year, the shares have traded as low as $17.22 and as high as $19.70. On average, 1309190 shares of KOS exchange hands on a given day and today's volume is recorded at 202009. 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 $18.41 area but be careful because the stock may face selling pressure at this level.
Shares of Quad/Graphics, Inc. (QUAD) fell by 1.58% or $-0.63/share to $39.3. In the past year, the shares have traded as low as $38.39 and as high as $49.61. On average, 69400 shares of QUAD exchange hands on a given day and today's volume is recorded at 108073. 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 $40.86 area but be careful because the stock may face selling pressure at this level.
