Stocks falling to new 52 week lows on November 22 are Frontline Ltd, Overseas Shipholding Group Inc, Alcatel-Lucent, S.A, Perfect World Co., Ltd, and Groupon, 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 Frontline Ltd. (FRO) fell by 42.0% or $-2.18/share to $3.01. In the past year, the shares have traded as low as $3.88 and as high as $28.08. On average, 2486490 shares of FRO exchange hands on a given day and today's volume is recorded at 8418456. 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 $5.28 area but be careful because the stock may face selling pressure at this level.
Shares of Overseas Shipholding Group Inc. (OSG) fell by 18.12% or $-2.28/share to $10.3. In the past year, the shares have traded as low as $11.41 and as high as $35.81. On average, 790890 shares of OSG exchange hands on a given day and today's volume is recorded at 1428667. 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 $14.18 area but be careful because the stock may face selling pressure at this level.
Shares of Alcatel-Lucent, S.A. (ALU) fell by 13.17% or $-0.25/share to $1.62. In the past year, the shares have traded as low as $1.79 and as high as $6.65. On average, 24878800 shares of ALU exchange hands on a given day and today's volume is recorded at 16893200. 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 $2.65 area but be careful because the stock may face selling pressure at this level.
Shares of Perfect World Co., Ltd. (PWRD) fell by 12.04% or $-1.37/share to $10.01. In the past year, the shares have traded as low as $10.70 and as high as $29.10. On average, 885140 shares of PWRD exchange hands on a given day and today's volume is recorded at 1366111. 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 $12.86 area but be careful because the stock may face selling pressure at this level.
Shares of Groupon, Inc. (GRPN) fell by 10.52% or $-2.48/share to $21.1. In the past year, the shares have traded as low as $22.76 and as high as $31.14. On average, 6838320 shares of GRPN exchange hands on a given day and today's volume is recorded at 1094639. 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.
