Stocks falling to new 52 week lows on September 13 are Hospira Inc, Banco Macro S.A, Spansion Inc, Best Buy Co. Inc, and ACCO Brands Corporation. 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 Hospira Inc. (HSP) fell by 2.33% or $-0.95/share to $39.65. In the past year, the shares have traded as low as $40.09 and as high as $60.50. On average, 1373750 shares of HSP exchange hands on a given day and today's volume is recorded at 1043291. 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 $48.19 area but be careful because the stock may face selling pressure at this level.
Shares of Banco Macro S.A. (BMA) traded higher by 0.46% or $0.10/share to $21.82. In the past year, the shares have traded as low as $21.27 and as high as $53.77. On average, 180720 shares of BMA exchange hands on a given day and today's volume is recorded at 120532. 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 $31.64 area but be careful because the stock may face selling pressure at this level.
Shares of Spansion Inc. (CODE) fell by 0.95% or $-0.13/share to $13.54. In the past year, the shares have traded as low as $12.98 and as high as $21.60. On average, 480730 shares of CODE exchange hands on a given day and today's volume is recorded at 443333. 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 $16.57 area but be careful because the stock may face selling pressure at this level.
Shares of Best Buy Co. Inc. (BBY) fell by 7.37% or $-1.84/share to $23.12. In the past year, the shares have traded as low as $23.00 and as high as $44.99. On average, 7598250 shares of BBY exchange hands on a given day and today's volume is recorded at 22313824. 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 $26.93 area but be careful because the stock may face selling pressure at this level.
Shares of ACCO Brands Corporation (ABD) traded higher by 2.89% or $0.16/share to $5.69. In the past year, the shares have traded as low as $5.47 and as high as $10.39. On average, 297550 shares of ABD exchange hands on a given day and today's volume is recorded at 157467. 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 $7.10 area but be careful because the stock may face selling pressure at this level.
