Stocks falling to new 52 week lows on August 22 are Salix Pharmaceuticals Ltd, Masco Corporation, Allied Irish Banks plc, Heartware International Inc, and Chesapeake Lodging Trust Common Shares of Beneficial Interest. 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 Salix Pharmaceuticals Ltd. (SLXP) fell by 4.0% or $-1.14/share to $27.36. In the past year, the shares have traded as low as $28.26 and as high as $49.05. On average, 790200 shares of SLXP exchange hands on a given day and today's volume is recorded at 744343. 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 $36.72 area but be careful because the stock may face selling pressure at this level.
Shares of Masco Corporation (MAS) fell by 3.57% or $-0.27/share to $7.29. In the past year, the shares have traded as low as $7.55 and as high as $14.86. On average, 6787970 shares of MAS exchange hands on a given day and today's volume is recorded at 5778875. 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 $10.86 area but be careful because the stock may face selling pressure at this level.
Shares of Allied Irish Banks plc (AIB) fell by 11.22% or $-0.09/share to $0.71. In the past year, the shares have traded as low as $0.72 and as high as $10.84. On average, 1296550 shares of AIB exchange hands on a given day and today's volume is recorded at 1293912. 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 $1.72 area but be careful because the stock may face selling pressure at this level.
Shares of Heartware International Inc. (HTWR) fell by 4.56% or $-2.71/share to $56.78. In the past year, the shares have traded as low as $58.86 and as high as $64.99. On average, 184380 shares of HTWR exchange hands on a given day and today's volume is recorded at 39088. 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 $61.30 area but be careful because the stock may face selling pressure at this level.
Shares of Chesapeake Lodging Trust Common Shares of Beneficial Interest (CHSP) fell by 2.62% or $-0.33/share to $12.26. In the past year, the shares have traded as low as $12.57 and as high as $19.54. On average, 165960 shares of CHSP exchange hands on a given day and today's volume is recorded at 15720. 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 $16.17 area but be careful because the stock may face selling pressure at this level.
