Stocks falling to new 52 week lows on September 5 are Hersha Hospitality Trust, Velti Plc, State Auto Financial Corp, Greenhill & Co., Inc, and Village Super Market 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 Hersha Hospitality Trust (HT) fell by 4.64% or $-0.17/share to $3.49. In the past year, the shares have traded as low as $3.60 and as high as $6.81. On average, 1379380 shares of HT exchange hands on a given day and today's volume is recorded at 1116966. 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 $4.82 area but be careful because the stock may face selling pressure at this level.
Shares of Velti Plc (VELT) fell by 5.23% or $-0.44/share to $7.98. In the past year, the shares have traded as low as $8.08 and as high as $20.00. On average, 697770 shares of VELT exchange hands on a given day and today's volume is recorded at 616617. 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 $14.64 area where the stock may encounter resistance.
Shares of State Auto Financial Corp. (STFC) fell by 3.75% or $-0.49/share to $12.57. In the past year, the shares have traded as low as $12.94 and as high as $18.18. On average, 34760 shares of STFC exchange hands on a given day and today's volume is recorded at 58449. 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 $16.11 area but be careful because the stock may face selling pressure at this level.
Shares of Greenhill & Co., Inc. (GHL) fell by 5.67% or $-1.95/share to $32.47. In the past year, the shares have traded as low as $33.45 and as high as $83.28. On average, 599000 shares of GHL exchange hands on a given day and today's volume is recorded at 520041. 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 $44.28 area but be careful because the stock may face selling pressure at this level.
Shares of Village Super Market Inc. (VLGEA) fell by 3.81% or $-0.93/share to $23.5. In the past year, the shares have traded as low as $24.30 and as high as $33.74. On average, 16420 shares of VLGEA exchange hands on a given day and today's volume is recorded at 16162. 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 $26.69 area but be careful because the stock may face selling pressure at this level.
