Stocks falling to new 52 week lows on December 1 are Gildan Activewear Inc, Zipcar, Inc, Stonemor Partners LP, Francesca's Collections, Inc, and Zillow, 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 Gildan Activewear Inc. (GIL) fell by 28.2% or $-6.74/share to $17.15. In the past year, the shares have traded as low as $22.48 and as high as $37.90. On average, 412250 shares of GIL exchange hands on a given day and today's volume is recorded at 3730706. 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 $25.71 area but be careful because the stock may face selling pressure at this level.
Shares of Zipcar, Inc. (ZIP) fell by 7.83% or $-1.25/share to $14.71. In the past year, the shares have traded as low as $15.90 and as high as $31.50. On average, 374610 shares of ZIP exchange hands on a given day and today's volume is recorded at 1044615. 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 $17.85 area but be careful because the stock may face selling pressure at this level.
Shares of Stonemor Partners LP (STON) fell by 10.4% or $-2.63/share to $22.65. In the past year, the shares have traded as low as $22.16 and as high as $31.25. On average, 109650 shares of STON exchange hands on a given day and today's volume is recorded at 1244584. 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 $26.48 area where the stock may encounter resistance.
Shares of Francesca's Collections, Inc. (FRAN) fell by 4.85% or $-0.80/share to $15.7. In the past year, the shares have traded as low as $16.27 and as high as $29.75. On average, 208160 shares of FRAN exchange hands on a given day and today's volume is recorded at 245072. 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 $21.60 area but be careful because the stock may face selling pressure at this level.
Shares of Zillow, Inc. (Z) fell by 2.96% or $-0.66/share to $21.73. In the past year, the shares have traded as low as $22.07 and as high as $60.01. On average, 138650 shares of Z exchange hands on a given day and today's volume is recorded at 78734. 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 $27.25 area but be careful because the stock may face selling pressure at this level.
