Among the most volatile stocks traded on August 22 were: Barnes & Noble, Inc, Cornerstone OnDemand Inc, Aeroflex Holding Corp, Teavana Holdings, Inc. Common S, and LDK Solar Co., Ltd. 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 Barnes & Noble, Inc. (BKS) fell by 17.45% or $-2.11/share to $9.98. In the past year, the shares have traded as low as $8.45 and as high as $21.06. On average, 1527530 shares of BKS exchange hands on a given day and today's volume is recorded at 4126400. 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 $14.84 area where the stock may encounter resistance.
Shares of Cornerstone OnDemand Inc. (CSOD) fell by 2.35% or $-0.34/share to $14.14. In the past year, the shares have traded as low as $12.13 and as high as $23.50. On average, 138760 shares of CSOD exchange hands on a given day and today's volume is recorded at 61000. 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 $17.51 area but be careful because the stock may face selling pressure at this level.
Shares of Aeroflex Holding Corp. (ARX) traded higher by 6.76% or $0.52/share to $8.21. In the past year, the shares have traded as low as $7.64 and as high as $20.36. On average, 261700 shares of ARX exchange hands on a given day and today's volume is recorded at 769600. 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 $14.94 area but be careful because the stock may face selling pressure at this level.
Shares of Teavana Holdings, Inc. Common S (TEA) fell by 11.52% or $-2.85/share to $21.9. In the past year, the shares have traded as low as $24.24 and as high as $29.35. On average, 865440 shares of TEA exchange hands on a given day and today's volume is recorded at 778100. 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 $26.64 area but be careful because the stock may face selling pressure at this level.
Shares of LDK Solar Co., Ltd. (LDK) fell by 22.98% or $-1.51/share to $5.06. In the past year, the shares have traded as low as $4.65 and as high as $15.10. On average, 6450310 shares of LDK exchange hands on a given day and today's volume is recorded at 12229300. 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 $6.70 area but be careful because the stock may face selling pressure at this level.
