Stocks falling to new 52 week lows on April 30 are KT Corp, Goldcorp Inc, Proofpoint, Inc, and Sony 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 KT Corp. (KT) traded higher by 0.08% or $0.01/share to $12.93. In the past year, the shares have traded as low as $12.86 and as high as $21.14. On average, 1300560 shares of KT exchange hands on a given day and today's volume is recorded at 312994. 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 $13.95 area but be careful because the stock may face selling pressure at this level.
Shares of Goldcorp Inc. (GG) fell by 2.25% or $-0.88/share to $38.24. In the past year, the shares have traded as low as $38.17 and as high as $55.91. On average, 5561560 shares of GG exchange hands on a given day and today's volume is recorded at 2732029. 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 $44.50 area but be careful because the stock may face selling pressure at this level.
Shares of Proofpoint, Inc. (PFPT) fell by 0.08% or $-0.01/share to $13.12. In the past year, the shares have traded as low as $13.03 and as high as $17.11. On average, 1428920 shares of PFPT exchange hands on a given day and today's volume is recorded at 11082. 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 $13.69 area but be careful because the stock may face selling pressure at this level.
Shares of Sony Corporation (SNE) fell by 0.89% or $-0.15/share to $16.17. In the past year, the shares have traded as low as $16.16 and as high as $29.09. On average, 1677090 shares of SNE exchange hands on a given day and today's volume is recorded at 308791. 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 $19.79 area where the stock may encounter resistance.
