Stocks falling to new 52 week lows on November 7 are Sun Life Financial Inc, Digital River Inc, The St. Joe Company, and United Natural Foods, 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 Sun Life Financial Inc. (SLF) fell by 1.14% or $-0.25/share to $21.59. In the past year, the shares have traded as low as $21.67 and as high as $33.38. On average, 899350 shares of SLF exchange hands on a given day and today's volume is recorded at 363635. 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 $24.70 area but be careful because the stock may face selling pressure at this level.
Shares of Digital River Inc. (DRIV) fell by 1.15% or $-0.20/share to $17.2. In the past year, the shares have traded as low as $17.19 and as high as $39.85. On average, 819940 shares of DRIV exchange hands on a given day and today's volume is recorded at 77128. 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 $20.55 area but be careful because the stock may face selling pressure at this level.
Shares of The St. Joe Company (JOE) fell by 0.3% or $-0.04/share to $13.3. In the past year, the shares have traded as low as $13.26 and as high as $30.34. On average, 609360 shares of JOE exchange hands on a given day and today's volume is recorded at 302104. 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 $15.80 area but be careful because the stock may face selling pressure at this level.
Shares of United Natural Foods, Inc. (UNFI) fell by 1.81% or $-0.64/share to $34.78. In the past year, the shares have traded as low as $34.75 and as high as $46.05. On average, 363360 shares of UNFI exchange hands on a given day and today's volume is recorded at 51048. 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 $37.88 area but be careful because the stock may face selling pressure at this level.
