Stocks falling to new 52 week lows on May 31 are Grupo Prisa SA, Semiconductor Manufacturing International Corp, National Bank of Greece SA, First Solar, Inc, and Joy Global, 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 Grupo Prisa SA (PRIS) fell by 9.41% or $-0.16/share to $1.54. In the past year, the shares have traded as low as $1.68 and as high as $9.98. On average, 21990 shares of PRIS exchange hands on a given day and today's volume is recorded at 18235. 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 $2.55 area but be careful because the stock may face selling pressure at this level.
Shares of Semiconductor Manufacturing International Corp. (SMI) fell by 11.29% or $-0.21/share to $1.65. In the past year, the shares have traded as low as $1.86 and as high as $4.26. On average, 117570 shares of SMI exchange hands on a given day and today's volume is recorded at 151905. 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 $2.37 area but be careful because the stock may face selling pressure at this level.
Shares of National Bank of Greece SA (NBG) fell by 11.81% or $-0.17/share to $1.27. In the past year, the shares have traded as low as $1.42 and as high as $7.65. On average, 1008390 shares of NBG exchange hands on a given day and today's volume is recorded at 1645280. 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 $2.23 area but be careful because the stock may face selling pressure at this level.
Shares of First Solar, Inc. (FSLR) fell by 8.36% or $-1.12/share to $12.28. In the past year, the shares have traded as low as $13.21 and as high as $142.29. On average, 6456260 shares of FSLR exchange hands on a given day and today's volume is recorded at 3097568. 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 $19.53 area but be careful because the stock may face selling pressure at this level.
Shares of Joy Global, Inc. (JOY) fell by 6.54% or $-3.86/share to $55.19. In the past year, the shares have traded as low as $57.26 and as high as $100.82. On average, 2613470 shares of JOY exchange hands on a given day and today's volume is recorded at 5547100. 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 $69.72 area but be careful because the stock may face selling pressure at this level.
