Stocks falling to new 52 week lows on April 24 are Gafisa S.A, SkyWest Inc, Gentex Corp, and Checkpoint Systems 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 Gafisa S.A. (GFA) fell by 0.51% or $-0.02/share to $3.87. In the past year, the shares have traded as low as $3.85 and as high as $12.75. On average, 3360530 shares of GFA exchange hands on a given day and today's volume is recorded at 434569. 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 $5.30 area but be careful because the stock may face selling pressure at this level.
Shares of SkyWest Inc. (SKYW) traded higher by 1.25% or $0.12/share to $9.73. In the past year, the shares have traded as low as $9.59 and as high as $16.71. On average, 252860 shares of SKYW exchange hands on a given day and today's volume is recorded at 39691. 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 $11.25 area but be careful because the stock may face selling pressure at this level.
Shares of Gentex Corp. (GNTX) fell by 0.05% or $-0.01/share to $20.95. In the past year, the shares have traded as low as $20.82 and as high as $31.91. On average, 2097890 shares of GNTX exchange hands on a given day and today's volume is recorded at 425844. 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 $24.73 area but be careful because the stock may face selling pressure at this level.
Shares of Checkpoint Systems Inc. (CKP) traded higher by 0.38% or $0.04/share to $10.46. In the past year, the shares have traded as low as $10.38 and as high as $21.27. On average, 231720 shares of CKP exchange hands on a given day and today's volume is recorded at 23926. 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 $11.25 area but be careful because the stock may face selling pressure at this level.
