Among the most volatile stocks traded on August 24 were: Bank of America Corporation, Great Basin Gold Ltd, Globe Specialty Metals, Inc, The Fresh Market, Inc, and Yandex N. V. 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 Bank of America Corporation (BAC) traded higher by 7.94% or $0.50/share to $6.8. In the past year, the shares have traded as low as $6.01 and as high as $15.29. On average, 212052770 shares of BAC exchange hands on a given day and today's volume is recorded at 202174688. 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 $9.49 area but be careful because the stock may face selling pressure at this level.
Shares of Great Basin Gold Ltd. (GBG) fell by 8.06% or $-0.17/share to $1.94. In the past year, the shares have traded as low as $1.67 and as high as $3.32. On average, 2666150 shares of GBG exchange hands on a given day and today's volume is recorded at 581894. 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 $2.01 area but be careful because the stock may face selling pressure at this level.
Shares of Globe Specialty Metals, Inc. (GSM) fell by 7.2% or $-1.31/share to $16.89. In the past year, the shares have traded as low as $10.30 and as high as $25.67. On average, 979680 shares of GSM exchange hands on a given day and today's volume is recorded at 933887. 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 $20.48 area where the stock may encounter resistance.
Shares of The Fresh Market, Inc. (TFM) traded higher by 4.73% or $1.53/share to $33.88. In the past year, the shares have traded as low as $30.86 and as high as $46.85. On average, 644100 shares of TFM exchange hands on a given day and today's volume is recorded at 65670. 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 $36.00 area but be careful because the stock may face selling pressure at this level.
Shares of Yandex N. V. (YNDX) traded higher by 4.15% or $1.20/share to $30.13. In the past year, the shares have traded as low as $26.02 and as high as $42.01. On average, 2810340 shares of YNDX exchange hands on a given day and today's volume is recorded at 117350. 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 $32.81 area but be careful because the stock may face selling pressure at this level.
