Stocks falling to new 52 week lows on December 8 are Invacare Corporation, Overseas Shipholding Group Inc, Sequenom Inc, Shutterfly, Inc, and NII Holdings 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 Invacare Corporation (IVC) fell by 20.26% or $-4.17/share to $16.41. In the past year, the shares have traded as low as $18.71 and as high as $34.50. On average, 217080 shares of IVC exchange hands on a given day and today's volume is recorded at 899659. 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 $21.96 area but be careful because the stock may face selling pressure at this level.
Shares of Overseas Shipholding Group Inc. (OSG) fell by 5.07% or $-0.51/share to $9.54. In the past year, the shares have traded as low as $9.79 and as high as $35.82. On average, 859430 shares of OSG exchange hands on a given day and today's volume is recorded at 367030. 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 $12.78 area but be careful because the stock may face selling pressure at this level.
Shares of Sequenom Inc. (SQNM) fell by 5.71% or $-0.22/share to $3.63. In the past year, the shares have traded as low as $3.78 and as high as $8.71. On average, 2349510 shares of SQNM exchange hands on a given day and today's volume is recorded at 1743256. 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 $4.58 area but be careful because the stock may face selling pressure at this level.
Shares of Shutterfly, Inc. (SFLY) fell by 5.09% or $-1.38/share to $25.72. In the past year, the shares have traded as low as $26.59 and as high as $66.70. On average, 1233570 shares of SFLY exchange hands on a given day and today's volume is recorded at 648543. 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 $39.38 area but be careful because the stock may face selling pressure at this level.
Shares of NII Holdings Inc. (NIHD) fell by 3.87% or $-0.83/share to $20.62. In the past year, the shares have traded as low as $21.19 and as high as $46.32. On average, 3049700 shares of NIHD exchange hands on a given day and today's volume is recorded at 1131265. 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 $25.13 area but be careful because the stock may face selling pressure at this level.
