Stocks falling to new 52 week lows on September 27 are Accuride Corp, Calix Inc, Neogen Corp, InterOil Corporation, and Grupo Simec S.A.B. de C.V. 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 Accuride Corp. (ACW) fell by 25.71% or $-2.09/share to $6.04. In the past year, the shares have traded as low as $6.80 and as high as $16.34. On average, 565130 shares of ACW exchange hands on a given day and today's volume is recorded at 2879626. 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 $9.09 area but be careful because the stock may face selling pressure at this level.
Shares of Calix Inc. (CALX) fell by 9.45% or $-0.97/share to $9.29. In the past year, the shares have traded as low as $9.73 and as high as $22.97. On average, 442250 shares of CALX exchange hands on a given day and today's volume is recorded at 500531. 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 $14.83 area but be careful because the stock may face selling pressure at this level.
Shares of Neogen Corp. (NEOG) fell by 11.66% or $-4.15/share to $31.44. In the past year, the shares have traded as low as $31.80 and as high as $47.92. On average, 128449 shares of NEOG exchange hands on a given day and today's volume is recorded at 482183. 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 $36.78 area but be careful because the stock may face selling pressure at this level.
Shares of InterOil Corporation (IOC) fell by 17.24% or $-9.50/share to $45.59. In the past year, the shares have traded as low as $47.29 and as high as $81.98. On average, 505670 shares of IOC exchange hands on a given day and today's volume is recorded at 1203214. 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 $60.12 area but be careful because the stock may face selling pressure at this level.
Shares of Grupo Simec S.A.B. de C.V. (SIM) traded higher by 2.32% or $0.14/share to $6.17. In the past year, the shares have traded as low as $5.57 and as high as $8.85. On average, 21660 shares of SIM exchange hands on a given day and today's volume is recorded at 16394. 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 $6.79 area but be careful because the stock may face selling pressure at this level.
