Stocks falling to new 52 week lows on September 6 are Nomura Holdings Inc, Koninklijke Philips Electronics NV, First Horizon National Corp, CTC Media, Inc, and Aixtron SE. 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 Nomura Holdings Inc. (NMR) fell by 7.6% or $-0.31/share to $3.77. In the past year, the shares have traded as low as $3.98 and as high as $6.75. On average, 448560 shares of NMR exchange hands on a given day and today's volume is recorded at 228951. 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 $4.56 area but be careful because the stock may face selling pressure at this level.
Shares of Koninklijke Philips Electronics NV (PHG) fell by 8.6% or $-1.69/share to $17.95. In the past year, the shares have traded as low as $18.89 and as high as $33.20. On average, 2031910 shares of PHG exchange hands on a given day and today's volume is recorded at 1188309. 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 $22.77 area but be careful because the stock may face selling pressure at this level.
Shares of First Horizon National Corp. (FHN) fell by 2.25% or $-0.14/share to $6.17. In the past year, the shares have traded as low as $6.26 and as high as $12.65. On average, 4472120 shares of FHN exchange hands on a given day and today's volume is recorded at 2063770. 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 $8.32 area but be careful because the stock may face selling pressure at this level.
Shares of CTC Media, Inc (CTCM) fell by 2.6% or $-0.38/share to $14.25. In the past year, the shares have traded as low as $14.53 and as high as $24.56. On average, 333410 shares of CTCM exchange hands on a given day and today's volume is recorded at 127177. 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 $18.65 area but be careful because the stock may face selling pressure at this level.
Shares of Aixtron SE (AIXG) fell by 3.58% or $-0.73/share to $19.65. In the past year, the shares have traded as low as $20.11 and as high as $43.95. On average, 416270 shares of AIXG exchange hands on a given day and today's volume is recorded at 157678. 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 $26.77 area but be careful because the stock may face selling pressure at this level.
