Stocks falling to new 52 week lows on May 3 are Extorre Gold Mines Limited, CEVA Inc, Groupon, Inc, Accretive Health, Inc, and Pan American Silver Corp. 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 Extorre Gold Mines Limited (XG) fell by 6.8% or $-0.27/share to $3.7. In the past year, the shares have traded as low as $3.94 and as high as $15.42. On average, 129210 shares of XG exchange hands on a given day and today's volume is recorded at 128440. 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 $6.17 area but be careful because the stock may face selling pressure at this level.
Shares of CEVA Inc. (CEVA) fell by 0.11% or $-0.02/share to $17.53. In the past year, the shares have traded as low as $17.43 and as high as $35.60. On average, 330550 shares of CEVA exchange hands on a given day and today's volume is recorded at 1063348. 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 $22.69 area but be careful because the stock may face selling pressure at this level.
Shares of Groupon, Inc. (GRPN) fell by 4.73% or $-0.50/share to $10.08. In the past year, the shares have traded as low as $10.50 and as high as $31.14. On average, 2735850 shares of GRPN exchange hands on a given day and today's volume is recorded at 1626180. 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 $15.70 area but be careful because the stock may face selling pressure at this level.
Shares of Accretive Health, Inc. (AH) fell by 7.12% or $-0.62/share to $8.09. In the past year, the shares have traded as low as $8.41 and as high as $32.82. On average, 867820 shares of AH exchange hands on a given day and today's volume is recorded at 1048234. 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 $20.76 area but be careful because the stock may face selling pressure at this level.
Shares of Pan American Silver Corp. (PAAS) fell by 5.23% or $-0.96/share to $17.39. In the past year, the shares have traded as low as $18.13 and as high as $34.98. On average, 1802980 shares of PAAS exchange hands on a given day and today's volume is recorded at 1955009. 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 $21.60 area but be careful because the stock may face selling pressure at this level.
