Stocks falling to new 52 week lows on September 5 are Advantest Corp, The Washington Post Company, Solazyme, Inc, Flagstone Reinsurance Holdings SA, and PICO Holdings Inc. 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 Advantest Corp. (ATE) fell by 2.88% or $-0.37/share to $12.49. In the past year, the shares have traded as low as $12.74 and as high as $23.11. On average, 21890 shares of ATE exchange hands on a given day and today's volume is recorded at 16732. 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 $16.61 area but be careful because the stock may face selling pressure at this level.
Shares of The Washington Post Company (WPO) fell by 4.31% or $-14.45/share to $320.88. In the past year, the shares have traded as low as $330.02 and as high as $452.39. On average, 45820 shares of WPO exchange hands on a given day and today's volume is recorded at 59401. 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 $387.21 area but be careful because the stock may face selling pressure at this level.
Shares of Solazyme, Inc. (SZYM) fell by 8.51% or $-1.17/share to $12.58. In the past year, the shares have traded as low as $12.88 and as high as $27.47. On average, 379290 shares of SZYM exchange hands on a given day and today's volume is recorded at 313998. 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 $19.98 area but be careful because the stock may face selling pressure at this level.
Shares of Flagstone Reinsurance Holdings SA (FSR) fell by 3.2% or $-0.22/share to $6.66. In the past year, the shares have traded as low as $6.81 and as high as $12.96. On average, 265600 shares of FSR exchange hands on a given day and today's volume is recorded at 271090. 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 $8.03 area but be careful because the stock may face selling pressure at this level.
Shares of PICO Holdings Inc. (PICO) fell by 5.77% or $-1.32/share to $21.55. In the past year, the shares have traded as low as $22.16 and as high as $33.41. On average, 73210 shares of PICO exchange hands on a given day and today's volume is recorded at 122432. 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 $26.48 area but be careful because the stock may face selling pressure at this level.
