Stocks falling to new 52 week lows on August 24 are Amerisafe, Inc, National Bank of Greece SA, IRSA Investments and Representations Inc, Bank of America Corporation, and Suntech Power Holdings Co. Ltd. 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 Amerisafe, Inc. (AMSF) fell by 0.32% or $-0.06/share to $18.89. In the past year, the shares have traded as low as $17.02 and as high as $27.75. On average, 59120 shares of AMSF exchange hands on a given day and today's volume is recorded at 27451. 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 $20.50 area where the stock may encounter resistance.
Shares of National Bank of Greece SA (NBG) fell by 8.42% or $-0.08/share to $0.87. In the past year, the shares have traded as low as $0.95 and as high as $2.87. On average, 5347530 shares of NBG exchange hands on a given day and today's volume is recorded at 3128431. 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 $1.26 area but be careful because the stock may face selling pressure at this level.
Shares of IRSA Investments and Representations Inc. (IRS) fell by 0.72% or $-0.08/share to $11.05. In the past year, the shares have traded as low as $10.67 and as high as $17.37. On average, 29190 shares of IRS exchange hands on a given day and today's volume is recorded at 12823. 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 $12.72 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) fell by 3.5% or $-0.22/share to $6.2. In the past year, the shares have traded as low as $6.31 and as high as $15.30. On average, 205155340 shares of BAC exchange hands on a given day and today's volume is recorded at 235096304. 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 $9.59 area but be careful because the stock may face selling pressure at this level.
Shares of Suntech Power Holdings Co. Ltd. (STP) traded higher by 0.79% or $0.04/share to $5.11. In the past year, the shares have traded as low as $5.03 and as high as $10.83. On average, 2821390 shares of STP exchange hands on a given day and today's volume is recorded at 3051355. 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 $7.15 area but be careful because the stock may face selling pressure at this level.
