Stocks falling to new 52 week lows on December 9 are Shutterfly, Inc, SunPower Corporation, Intrepid Potash, Inc, Grupo Financiero Galicia S.A, and Exelis, 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 Shutterfly, Inc. (SFLY) fell by 2.8% or $-0.71/share to $24.65. In the past year, the shares have traded as low as $24.86 and as high as $66.69. On average, 1271340 shares of SFLY exchange hands on a given day and today's volume is recorded at 1785585. 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 $39.00 area but be careful because the stock may face selling pressure at this level.
Shares of SunPower Corporation (SPWR) traded higher by 1.09% or $0.07/share to $6.5. In the past year, the shares have traded as low as $6.36 and as high as $23.36. On average, 761270 shares of SPWR exchange hands on a given day and today's volume is recorded at 289036. 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 $8.21 area but be careful because the stock may face selling pressure at this level.
Shares of Intrepid Potash, Inc. (IPI) fell by 1.1% or $-0.24/share to $21.63. In the past year, the shares have traded as low as $21.78 and as high as $40.22. On average, 767180 shares of IPI exchange hands on a given day and today's volume is recorded at 438867. 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 $25.50 area but be careful because the stock may face selling pressure at this level.
Shares of Grupo Financiero Galicia S.A. (GGAL) traded higher by 1.21% or $0.08/share to $6.69. In the past year, the shares have traded as low as $6.56 and as high as $16.87. On average, 320620 shares of GGAL exchange hands on a given day and today's volume is recorded at 174356. 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 $8.07 area but be careful because the stock may face selling pressure at this level.
Shares of Exelis, Inc. (XLS) traded higher by 0.8% or $0.07/share to $8.83. In the past year, the shares have traded as low as $8.75 and as high as $13.37. On average, 3051030 shares of XLS exchange hands on a given day and today's volume is recorded at 431887. 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 $10.17 area but be careful because the stock may face selling pressure at this level.
