Stocks falling to new 52 week lows on May 23 are Consolidated Communications Holdings Inc, Partner Communications Company Ltd, McEwen Mining Inc, Brightcove, Inc, and GasLog Ltd. 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 Consolidated Communications Holdings Inc. (CNSL) fell by 9.16% or $-1.45/share to $14.38. In the past year, the shares have traded as low as $15.75 and as high as $19.74. On average, 159690 shares of CNSL exchange hands on a given day and today's volume is recorded at 1114416. 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 $18.06 area where the stock may encounter resistance.
Shares of Partner Communications Company Ltd. (PTNR) fell by 9.16% or $-0.45/share to $4.46. In the past year, the shares have traded as low as $4.82 and as high as $17.16. On average, 160800 shares of PTNR exchange hands on a given day and today's volume is recorded at 107893. 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 $7.10 area but be careful because the stock may face selling pressure at this level.
Shares of McEwen Mining Inc. (MUX) fell by 5.56% or $-0.12/share to $2.04. In the past year, the shares have traded as low as $2.12 and as high as $7.35. On average, 2622780 shares of MUX exchange hands on a given day and today's volume is recorded at 2173557. 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 $3.60 area but be careful because the stock may face selling pressure at this level.
Shares of Brightcove, Inc. (BCOV) fell by 7.96% or $-1.07/share to $12.43. In the past year, the shares have traded as low as $13.37 and as high as $25.51. On average, 186180 shares of BCOV exchange hands on a given day and today's volume is recorded at 85330. 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 $17.88 area where the stock may encounter resistance.
Shares of GasLog Ltd. (GLOG) fell by 6.55% or $-0.62/share to $8.85. In the past year, the shares have traded as low as $9.45 and as high as $13.34. On average, 729600 shares of GLOG exchange hands on a given day and today's volume is recorded at 204135. 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 $11.38 area but be careful because the stock may face selling pressure at this level.
