Stocks falling to new 52 week lows on November 4 are The St. Joe Company, ICG Group, Inc, Sun Life Financial Inc, Digital River Inc, and Sony Corporation. 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 The St. Joe Company (JOE) fell by 1.95% or $-0.27/share to $13.55. In the past year, the shares have traded as low as $13.50 and as high as $30.34. On average, 610010 shares of JOE exchange hands on a given day and today's volume is recorded at 274191. 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 $15.86 area but be careful because the stock may face selling pressure at this level.
Shares of ICG Group, Inc. (ICGE) fell by 3.19% or $-0.28/share to $8.5. In the past year, the shares have traded as low as $8.55 and as high as $14.50. On average, 177910 shares of ICGE exchange hands on a given day and today's volume is recorded at 53672. 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 $9.87 area but be careful because the stock may face selling pressure at this level.
Shares of Sun Life Financial Inc. (SLF) fell by 3.48% or $-0.79/share to $21.9. In the past year, the shares have traded as low as $21.87 and as high as $33.38. On average, 898150 shares of SLF exchange hands on a given day and today's volume is recorded at 697766. 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 $24.77 area but be careful because the stock may face selling pressure at this level.
Shares of Digital River Inc. (DRIV) fell by 0.4% or $-0.07/share to $17.49. In the past year, the shares have traded as low as $17.34 and as high as $39.85. On average, 816590 shares of DRIV exchange hands on a given day and today's volume is recorded at 277270. 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 $20.58 area but be careful because the stock may face selling pressure at this level.
Shares of Sony Corporation (SNE) fell by 2.29% or $-0.42/share to $17.89. In the past year, the shares have traded as low as $17.80 and as high as $36.97. On average, 1390110 shares of SNE exchange hands on a given day and today's volume is recorded at 706544. 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 $19.98 area but be careful because the stock may face selling pressure at this level.
