Stocks falling to new 52 week lows on September 6 are UBS AG, First Busey Corporation, STMicroelectronics NV, Progress Software Corp, and Cninsure 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 UBS AG (UBS) fell by 11.67% or $-1.61/share to $12.19. In the past year, the shares have traded as low as $13.17 and as high as $20.08. On average, 4657940 shares of UBS exchange hands on a given day and today's volume is recorded at 3479771. 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 $15.83 area but be careful because the stock may face selling pressure at this level.
Shares of First Busey Corporation (BUSE) fell by 2.06% or $-0.09/share to $4.27. In the past year, the shares have traded as low as $4.09 and as high as $5.62. On average, 264940 shares of BUSE exchange hands on a given day and today's volume is recorded at 215443. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $4.87 area where the stock may encounter resistance.
Shares of STMicroelectronics NV (STM) fell by 9.52% or $-0.60/share to $5.7. In the past year, the shares have traded as low as $6.00 and as high as $13.53. On average, 2814220 shares of STM exchange hands on a given day and today's volume is recorded at 2002027. 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 $7.94 area but be careful because the stock may face selling pressure at this level.
Shares of Progress Software Corp. (PRGS) fell by 6.89% or $-1.33/share to $17.97. In the past year, the shares have traded as low as $18.48 and as high as $31.47. On average, 639680 shares of PRGS exchange hands on a given day and today's volume is recorded at 297547. 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 $22.76 area but be careful because the stock may face selling pressure at this level.
Shares of Cninsure Inc. (CISG) fell by 2.65% or $-0.26/share to $9.54. In the past year, the shares have traded as low as $9.80 and as high as $26.74. On average, 408920 shares of CISG exchange hands on a given day and today's volume is recorded at 312105. 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 $13.58 area but be careful because the stock may face selling pressure at this level.
