Stocks falling to new 52 week lows on August 24 are RealNetworks Inc, United Therapeutics Corp, American Eagle Outfitters, Inc, ICF International Inc, and Cadence Pharmaceuticals 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 RealNetworks Inc. (RNWK) fell by 31.48% or $-0.96/share to $2.09. In the past year, the shares have traded as low as $2.59 and as high as $4.31. On average, 431390 shares of RNWK exchange hands on a given day and today's volume is recorded at 510594. 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 $3.33 area but be careful because the stock may face selling pressure at this level.
Shares of United Therapeutics Corp. (UTHR) fell by 18.19% or $-8.87/share to $39.89. In the past year, the shares have traded as low as $46.14 and as high as $70.74. On average, 1143850 shares of UTHR exchange hands on a given day and today's volume is recorded at 10107000. 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 $53.80 area but be careful because the stock may face selling pressure at this level.
Shares of American Eagle Outfitters, Inc. (AEO) fell by 12.61% or $-1.46/share to $10.15. In the past year, the shares have traded as low as $10.79 and as high as $16.53. On average, 4752470 shares of AEO exchange hands on a given day and today's volume is recorded at 10883331. 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 $12.71 area but be careful because the stock may face selling pressure at this level.
Shares of ICF International Inc. (ICFI) traded higher by 1.39% or $0.29/share to $21.08. In the past year, the shares have traded as low as $19.47 and as high as $28.13. On average, 99520 shares of ICFI exchange hands on a given day and today's volume is recorded at 63290. 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 $23.81 area but be careful because the stock may face selling pressure at this level.
Shares of Cadence Pharmaceuticals Inc. (CADX) fell by 9.24% or $-0.64/share to $6.29. In the past year, the shares have traded as low as $6.53 and as high as $10.00. On average, 412690 shares of CADX exchange hands on a given day and today's volume is recorded at 236705. 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 $8.17 area where the stock may encounter resistance.
