Stocks falling to new 52 week lows on May 9 are Chiquita Brands International Inc, STEC, Inc, Kinross Gold Corporation, Green Dot Corporation, and Millennial Media 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 Chiquita Brands International Inc. (CQB) fell by 30.11% or $-2.42/share to $5.61. In the past year, the shares have traded as low as $7.54 and as high as $15.48. On average, 360330 shares of CQB exchange hands on a given day and today's volume is recorded at 1749092. 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 $8.85 area but be careful because the stock may face selling pressure at this level.
Shares of STEC, Inc. (STEC) fell by 5.06% or $-0.39/share to $7.31. In the past year, the shares have traded as low as $7.53 and as high as $20.47. On average, 686290 shares of STEC exchange hands on a given day and today's volume is recorded at 1565471. 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 $8.99 area but be careful because the stock may face selling pressure at this level.
Shares of Kinross Gold Corporation (KGC) fell by 3.47% or $-0.27/share to $7.51. In the past year, the shares have traded as low as $7.66 and as high as $18.05. On average, 9224460 shares of KGC exchange hands on a given day and today's volume is recorded at 11341267. 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 $9.67 area but be careful because the stock may face selling pressure at this level.
Shares of Green Dot Corporation (GDOT) fell by 4.32% or $-1.07/share to $23.72. In the past year, the shares have traded as low as $24.45 and as high as $41.87. On average, 358180 shares of GDOT exchange hands on a given day and today's volume is recorded at 287826. 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 $27.24 area but be careful because the stock may face selling pressure at this level.
Shares of Millennial Media Inc. (MM) fell by 8.94% or $-1.45/share to $14.77. In the past year, the shares have traded as low as $15.37 and as high as $27.90. On average, 1254620 shares of MM exchange hands on a given day and today's volume is recorded at 272223. 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 $19.28 area but be careful because the stock may face selling pressure at this level.
