Stocks falling to new 52 week lows on April 26 are Zipcar, Inc, InterDigital, Inc, CH Robinson Worldwide Inc, Goldcorp Inc, and Federal-Mogul Corp. 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 Zipcar, Inc. (ZIP) fell by 1.46% or $-0.18/share to $12.15. In the past year, the shares have traded as low as $12.00 and as high as $28.76. On average, 419050 shares of ZIP exchange hands on a given day and today's volume is recorded at 876631. 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 $13.78 area but be careful because the stock may face selling pressure at this level.
Shares of InterDigital, Inc. (IDCC) fell by 9.95% or $-3.23/share to $29.22. In the past year, the shares have traded as low as $30.33 and as high as $81.89. On average, 807250 shares of IDCC exchange hands on a given day and today's volume is recorded at 1335475. 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 $35.77 area but be careful because the stock may face selling pressure at this level.
Shares of CH Robinson Worldwide Inc. (CHRW) fell by 3.37% or $-2.05/share to $58.86. In the past year, the shares have traded as low as $60.00 and as high as $81.47. On average, 1404910 shares of CHRW exchange hands on a given day and today's volume is recorded at 1449119. 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 $65.39 area but be careful because the stock may face selling pressure at this level.
Shares of Goldcorp Inc. (GG) fell by 5.7% or $-2.34/share to $38.71. In the past year, the shares have traded as low as $39.23 and as high as $55.92. On average, 5401180 shares of GG exchange hands on a given day and today's volume is recorded at 8729781. 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 $44.75 area but be careful because the stock may face selling pressure at this level.
Shares of Federal-Mogul Corp. (FDML) fell by 4.62% or $-0.63/share to $13.02. In the past year, the shares have traded as low as $13.06 and as high as $27.20. On average, 135600 shares of FDML exchange hands on a given day and today's volume is recorded at 166112. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $16.50 area where the stock may encounter resistance.
