Stocks falling to new 52 week lows on May 8 are Carrols Restaurant Group, Inc, Merge Healthcare Incorporated, Thompson Creek Metals Company Inc, Pitney Bowes Inc, and Extorre Gold Mines Limited. 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 Carrols Restaurant Group, Inc. (TAST) fell by 69.69% or $-10.51/share to $4.57. In the past year, the shares have traded as low as $7.54 and as high as $15.89. On average, 96180 shares of TAST exchange hands on a given day and today's volume is recorded at 644163. 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 $11.03 area where the stock may encounter resistance.
Shares of Merge Healthcare Incorporated (MRGE) fell by 40.13% or $-1.59/share to $2.37. In the past year, the shares have traded as low as $3.78 and as high as $7.25. On average, 837700 shares of MRGE exchange hands on a given day and today's volume is recorded at 3872104. 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 $5.46 area but be careful because the stock may face selling pressure at this level.
Shares of Thompson Creek Metals Company Inc. (TC) fell by 7.97% or $-0.37/share to $4.27. In the past year, the shares have traded as low as $4.61 and as high as $11.53. On average, 2095350 shares of TC exchange hands on a given day and today's volume is recorded at 9476341. 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 $6.64 area but be careful because the stock may face selling pressure at this level.
Shares of Pitney Bowes Inc. (PBI) fell by 7.92% or $-1.33/share to $15.46. In the past year, the shares have traded as low as $16.53 and as high as $23.46. On average, 3179390 shares of PBI exchange hands on a given day and today's volume is recorded at 6305614. 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 $17.57 area but be careful because the stock may face selling pressure at this level.
Shares of Extorre Gold Mines Limited (XG) fell by 7.45% or $-0.24/share to $2.98. In the past year, the shares have traded as low as $3.20 and as high as $15.42. On average, 134490 shares of XG exchange hands on a given day and today's volume is recorded at 134824. 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 $5.90 area but be careful because the stock may face selling pressure at this level.
