Stocks falling to new 52 week lows on December 1 are G-III Apparel Group, Ltd, Marriott Vacations Worldwide Corp, Shutterfly, Inc, and The Active Network, 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 G-III Apparel Group, Ltd. (GIII) fell by 4.72% or $-0.87/share to $17.56. In the past year, the shares have traded as low as $17.60 and as high as $45.37. On average, 287730 shares of GIII exchange hands on a given day and today's volume is recorded at 119735. 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 $24.04 area but be careful because the stock may face selling pressure at this level.
Shares of Marriott Vacations Worldwide Corp. (VAC) traded higher by 0.31% or $0.05/share to $16.03. In the past year, the shares have traded as low as $15.90 and as high as $18.00. On average, 1091790 shares of VAC exchange hands on a given day and today's volume is recorded at 317798. 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 $16.57 area but be careful because the stock may face selling pressure at this level.
Shares of Shutterfly, Inc. (SFLY) traded higher by 1.81% or $0.49/share to $27.57. In the past year, the shares have traded as low as $26.80 and as high as $66.71. On average, 1113690 shares of SFLY exchange hands on a given day and today's volume is recorded at 795329. 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 $41.38 area but be careful because the stock may face selling pressure at this level.
Shares of The Active Network, Inc. (ACTV) fell by 1.42% or $-0.18/share to $12.5. In the past year, the shares have traded as low as $12.50 and as high as $19.99. On average, 141900 shares of ACTV exchange hands on a given day and today's volume is recorded at 135751. 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 $14.20 area but be careful because the stock may face selling pressure at this level.
