Stocks falling to new 52 week lows on August 10 are Primo Water Corporation, IntraLinks Holdings, Inc, Partner Communications Company Ltd, Quad/Graphics, Inc, and Computer Sciences 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 Primo Water Corporation (PRMW) fell by 55.32% or $-7.70/share to $6.22. In the past year, the shares have traded as low as $10.17 and as high as $16.45. On average, 211520 shares of PRMW exchange hands on a given day and today's volume is recorded at 3154359. 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 $13.42 area where the stock may encounter resistance.
Shares of IntraLinks Holdings, Inc. (IL) fell by 44.33% or $-5.39/share to $6.77. In the past year, the shares have traded as low as $10.53 and as high as $32.25. On average, 1256020 shares of IL exchange hands on a given day and today's volume is recorded at 4039405. 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 $17.06 area but be careful because the stock may face selling pressure at this level.
Shares of Partner Communications Company Ltd. (PTNR) fell by 19.61% or $-2.34/share to $9.59. In the past year, the shares have traded as low as $11.31 and as high as $20.17. On average, 267340 shares of PTNR exchange hands on a given day and today's volume is recorded at 874557. 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 $14.95 area but be careful because the stock may face selling pressure at this level.
Shares of Quad/Graphics, Inc. (QUAD) fell by 27.09% or $-7.05/share to $18.97. In the past year, the shares have traded as low as $22.84 and as high as $49.09. On average, 161310 shares of QUAD exchange hands on a given day and today's volume is recorded at 418580. 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 $36.93 area but be careful because the stock may face selling pressure at this level.
Shares of Computer Sciences Corporation (CSC) fell by 13.67% or $-4.37/share to $27.6. In the past year, the shares have traded as low as $29.95 and as high as $56.07. On average, 2252420 shares of CSC exchange hands on a given day and today's volume is recorded at 5172629. 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 $36.98 area but be careful because the stock may face selling pressure at this level.
