Stocks falling to new 52 week lows on May 1 are Panasonic Corporation, CUI Global, Inc, Groupon, Inc, Emergent BioSolutions, Inc, and Sycamore Networks 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 Panasonic Corporation (PC) fell by 0.78% or $-0.06/share to $7.59. In the past year, the shares have traded as low as $7.59 and as high as $12.67. On average, 386520 shares of PC exchange hands on a given day and today's volume is recorded at 123975. 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 $8.68 area but be careful because the stock may face selling pressure at this level.
Shares of CUI Global, Inc. (CUI) fell by 2.75% or $-0.11/share to $3.89. In the past year, the shares have traded as low as $3.85 and as high as $4.90. On average, 20220 shares of CUI exchange hands on a given day and today's volume is recorded at 18000. 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 $4.38 area but be careful because the stock may face selling pressure at this level.
Shares of Groupon, Inc. (GRPN) traded higher by 1.49% or $0.16/share to $10.87. In the past year, the shares have traded as low as $10.64 and as high as $31.14. On average, 2698120 shares of GRPN exchange hands on a given day and today's volume is recorded at 2475591. 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 $16.08 area but be careful because the stock may face selling pressure at this level.
Shares of Emergent BioSolutions, Inc. (EBS) traded higher by 0.57% or $0.08/share to $14.14. In the past year, the shares have traded as low as $13.88 and as high as $26.41. On average, 160370 shares of EBS exchange hands on a given day and today's volume is recorded at 38361. 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 $15.26 area but be careful because the stock may face selling pressure at this level.
Shares of Sycamore Networks Inc. (SCMR) fell by 0.06% or $-0.01/share to $15.58. In the past year, the shares have traded as low as $15.57 and as high as $24.84. On average, 81120 shares of SCMR exchange hands on a given day and today's volume is recorded at 33469. 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 $17.63 area but be careful because the stock may face selling pressure at this level.
