Stocks falling to new 52 week lows on May 14 are Tumi Holdings, Inc, Green Dot Corporation, McEwen Mining Inc, Vale S.A, and Petroleo Brasileiro. 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 Tumi Holdings, Inc. (TUMI) fell by 1.32% or $-0.28/share to $20.89. In the past year, the shares have traded as low as $20.68 and as high as $28.70. On average, 2036310 shares of TUMI exchange hands on a given day and today's volume is recorded at 410266. 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 $24.44 area but be careful because the stock may face selling pressure at this level.
Shares of Green Dot Corporation (GDOT) fell by 4.33% or $-0.99/share to $21.85. In the past year, the shares have traded as low as $22.56 and as high as $41.07. On average, 369910 shares of GDOT exchange hands on a given day and today's volume is recorded at 239241. 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 $26.73 area but be careful because the stock may face selling pressure at this level.
Shares of McEwen Mining Inc. (MUX) fell by 5.3% or $-0.16/share to $2.86. In the past year, the shares have traded as low as $2.90 and as high as $7.35. On average, 2388650 shares of MUX exchange hands on a given day and today's volume is recorded at 1034572. 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 $3.96 area but be careful because the stock may face selling pressure at this level.
Shares of Vale S.A. (VALE) fell by 2.85% or $-0.57/share to $19.42. In the past year, the shares have traded as low as $19.95 and as high as $31.46. On average, 18248650 shares of VALE exchange hands on a given day and today's volume is recorded at 8726265. 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 $22.50 area but be careful because the stock may face selling pressure at this level.
Shares of Petroleo Brasileiro (PBR) fell by 3.25% or $-0.68/share to $20.22. In the past year, the shares have traded as low as $20.66 and as high as $34.93. On average, 13321640 shares of PBR exchange hands on a given day and today's volume is recorded at 5519474. 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 $25.41 area but be careful because the stock may face selling pressure at this level.
