Stocks falling to new 52 week lows on November 29 are Great Basin Gold Ltd, HomeAway, Inc, Renren Inc, Francesca's Collections, Inc, and OpenTable, 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 Great Basin Gold Ltd. (GBG) fell by 2.05% or $-0.02/share to $0.92. In the past year, the shares have traded as low as $0.94 and as high as $3.04. On average, 2902320 shares of GBG exchange hands on a given day and today's volume is recorded at 809148. 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 $1.52 area but be careful because the stock may face selling pressure at this level.
Shares of HomeAway, Inc. (AWAY) fell by 0.55% or $-0.14/share to $25.54. In the past year, the shares have traded as low as $25.57 and as high as $45.75. On average, 162600 shares of AWAY exchange hands on a given day and today's volume is recorded at 44919. 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 $34.22 area but be careful because the stock may face selling pressure at this level.
Shares of Renren Inc. (RENN) fell by 1.39% or $-0.05/share to $3.55. In the past year, the shares have traded as low as $3.58 and as high as $24.00. On average, 3483200 shares of RENN exchange hands on a given day and today's volume is recorded at 343029. 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 $5.33 area but be careful because the stock may face selling pressure at this level.
Shares of Francesca's Collections, Inc. (FRAN) fell by 2.12% or $-0.38/share to $17.51. In the past year, the shares have traded as low as $17.77 and as high as $29.75. On average, 202270 shares of FRAN exchange hands on a given day and today's volume is recorded at 15593. 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 $21.74 area but be careful because the stock may face selling pressure at this level.
Shares of OpenTable, Inc. (OPEN) traded higher by 0.19% or $0.06/share to $32.44. In the past year, the shares have traded as low as $31.95 and as high as $118.65. On average, 1534970 shares of OPEN exchange hands on a given day and today's volume is recorded at 35034. 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 $44.24 area but be careful because the stock may face selling pressure at this level.
