Stocks falling to new 52 week lows on September 1 are SAIC, Inc, Greif, Inc, and Booz Allen Hamilton 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 SAIC, Inc. (SAI) fell by 12.2% or $-1.83/share to $13.17. In the past year, the shares have traded as low as $13.51 and as high as $17.65. On average, 2923230 shares of SAI exchange hands on a given day and today's volume is recorded at 9909715. 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 $15.60 area but be careful because the stock may face selling pressure at this level.
Shares of Greif, Inc. (GEF) fell by 10.29% or $-5.75/share to $50.11. In the past year, the shares have traded as low as $48.84 and as high as $67.33. On average, 150880 shares of GEF exchange hands on a given day and today's volume is recorded at 748556. 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 $59.75 area but be careful because the stock may face selling pressure at this level.
Shares of Booz Allen Hamilton Inc. (BAH) fell by 5.49% or $-0.88/share to $15.16. In the past year, the shares have traded as low as $14.98 and as high as $20.73. On average, 387200 shares of BAH exchange hands on a given day and today's volume is recorded at 802727. 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 $17.74 area but be careful because the stock may face selling pressure at this level.
