Stocks falling to new 52 week lows on December 2 are RPX Corporation, Zillow, Inc, Teavana Holdings, Inc, and Gildan Activewear 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 RPX Corporation (RPXC) fell by 1.39% or $-0.19/share to $13.45. In the past year, the shares have traded as low as $13.59 and as high as $31.41. On average, 261769 shares of RPXC exchange hands on a given day and today's volume is recorded at 70611. 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 $17.18 area but be careful because the stock may face selling pressure at this level.
Shares of Zillow, Inc. (Z) traded higher by 2.5% or $0.54/share to $22.17. In the past year, the shares have traded as low as $21.56 and as high as $60.00. On average, 133840 shares of Z exchange hands on a given day and today's volume is recorded at 126695. 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 $27.13 area but be careful because the stock may face selling pressure at this level.
Shares of Teavana Holdings, Inc. (TEA) fell by 0.93% or $-0.17/share to $18.11. In the past year, the shares have traded as low as $18.00 and as high as $29.35. On average, 230630 shares of TEA exchange hands on a given day and today's volume is recorded at 171020. 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 $20.89 area but be careful because the stock may face selling pressure at this level.
Shares of Gildan Activewear Inc. (GIL) traded higher by 2.38% or $0.39/share to $16.75. In the past year, the shares have traded as low as $16.33 and as high as $37.89. On average, 496970 shares of GIL exchange hands on a given day and today's volume is recorded at 1515763. 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 $25.48 area but be careful because the stock may face selling pressure at this level.
