Stocks falling to new 52 week lows on May 4 are ManTech International Corporation, Nokia Corporation, Leap Wireless International Inc, RealPage, Inc, and Arcos Dorados Holdings Inc. Cla. 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 ManTech International Corporation (MANT) fell by 14.66% or $-4.31/share to $25.08. In the past year, the shares have traded as low as $28.77 and as high as $45.40. On average, 194640 shares of MANT exchange hands on a given day and today's volume is recorded at 733079. 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 $33.15 area but be careful because the stock may face selling pressure at this level.
Shares of Nokia Corporation (NOK) fell by 9.75% or $-0.34/share to $3.19. In the past year, the shares have traded as low as $3.53 and as high as $8.86. On average, 36485200 shares of NOK exchange hands on a given day and today's volume is recorded at 18195288. 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 $4.77 area but be careful because the stock may face selling pressure at this level.
Shares of Leap Wireless International Inc. (LEAP) fell by 7.61% or $-0.39/share to $4.75. In the past year, the shares have traded as low as $5.00 and as high as $17.66. On average, 1683550 shares of LEAP exchange hands on a given day and today's volume is recorded at 1378883. 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 $8.63 area where the stock may encounter resistance.
Shares of RealPage, Inc. (RP) fell by 4.37% or $-0.76/share to $16.62. In the past year, the shares have traded as low as $17.11 and as high as $31.14. On average, 509120 shares of RP exchange hands on a given day and today's volume is recorded at 312817. 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 $19.15 area but be careful because the stock may face selling pressure at this level.
Shares of Arcos Dorados Holdings Inc. Cla (ARCO) fell by 6.9% or $-1.18/share to $15.92. In the past year, the shares have traded as low as $16.79 and as high as $29.17. On average, 1533940 shares of ARCO exchange hands on a given day and today's volume is recorded at 2032725. 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 $18.80 area but be careful because the stock may face selling pressure at this level.
