Stocks falling to new 52 week lows on January 9 are Hugoton Royalty Trust, Integra LifeSciences Holdings Corporation, Skechers USA Inc, Perfect World Co., Ltd, and Informatica Corporation. 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 Hugoton Royalty Trust (HGT) fell by 2.74% or $-0.50/share to $17.81. In the past year, the shares have traded as low as $18.30 and as high as $23.51. On average, 133890 shares of HGT exchange hands on a given day and today's volume is recorded at 191648. 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 $20.66 area but be careful because the stock may face selling pressure at this level.
Shares of Integra LifeSciences Holdings Corporation (IART) fell by 2.37% or $-0.58/share to $23.91. In the past year, the shares have traded as low as $24.45 and as high as $52.90. On average, 317900 shares of IART exchange hands on a given day and today's volume is recorded at 460896. 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 $31.09 area but be careful because the stock may face selling pressure at this level.
Shares of Skechers USA Inc. (SKX) fell by 2.83% or $-0.33/share to $11.37. In the past year, the shares have traded as low as $11.49 and as high as $23.66. On average, 905080 shares of SKX exchange hands on a given day and today's volume is recorded at 456157. 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 $12.92 area but be careful because the stock may face selling pressure at this level.
Shares of Perfect World Co., Ltd. (PWRD) fell by 21.12% or $-2.54/share to $9.47. In the past year, the shares have traded as low as $9.00 and as high as $29.11. On average, 639710 shares of PWRD exchange hands on a given day and today's volume is recorded at 5705627. 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 $11.60 area but be careful because the stock may face selling pressure at this level.
Shares of Informatica Corporation (INFA) fell by 1.64% or $-0.59/share to $35.31. In the past year, the shares have traded as low as $34.84 and as high as $62.42. On average, 1580570 shares of INFA exchange hands on a given day and today's volume is recorded at 1081440. 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 $42.99 area but be careful because the stock may face selling pressure at this level.
