Among the most volatile stocks traded on June 23 were: Pain Therapeutics Inc, Valhi, Inc, Genesco Inc, Banro Corporation, and Web.com Group, Inc. These stocks are risky as they have high volatility. Since these stocks carry a lot of risk, they will usually provide large returns. This high volatility could be caused by their business strategy or the type of sector they are in.
Shares of Pain Therapeutics Inc. (PTIE) traded higher by 0.23% or $0.02/share to $8.77. In the past year, the shares have traded as low as $3.98 and as high as $10.45. On average, 474320 shares of PTIE exchange hands on a given day and today's volume is recorded at 57439. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $9.15 represents resistance and the 200-day moving average of $7.16 would be an area of support.
Shares of Valhi, Inc. (VHI) fell by 5.5% or $-2.53/share to $43.47. In the past year, the shares have traded as low as $10.85 and as high as $50.21. On average, 34750 shares of VHI exchange hands on a given day and today's volume is recorded at 18525. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $37.23 area where the stock will likely see buying pressure.
Shares of Genesco Inc. (GCO) traded higher by 8.6% or $3.88/share to $49.02. In the past year, the shares have traded as low as $24.49 and as high as $47.48. On average, 267300 shares of GCO exchange hands on a given day and today's volume is recorded at 308139. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $41.78 area where the stock will likely see buying pressure.
Shares of Banro Corporation (BAA) fell by 7.5% or $-0.27/share to $3.33. In the past year, the shares have traded as low as $1.55 and as high as $4.44. On average, 287830 shares of BAA exchange hands on a given day and today's volume is recorded at 46540. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $3.35 represents resistance and the 200-day moving average of $3.07 would be an area of support.
Shares of Web.com Group, Inc. (WWWW) fell by 4.26% or $-0.49/share to $11.0. In the past year, the shares have traded as low as $3.25 and as high as $16.01. On average, 344770 shares of WWWW exchange hands on a given day and today's volume is recorded at 22819. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $12.39 represents resistance and the 200-day moving average of $9.93 would be an area of support.
