Stocks falling to new 52 week lows on May 25 are Telecom Italia SpA, Sony Corporation, Coca-Cola Hellenic Bottling Company S.A, Cabot Microelectronics Corp, and HudBay Minerals, 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 Telecom Italia SpA (TI) fell by 1.69% or $-0.15/share to $8.71. In the past year, the shares have traded as low as $8.82 and as high as $13.39. On average, 362110 shares of TI exchange hands on a given day and today's volume is recorded at 484799. 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 $10.38 area but be careful because the stock may face selling pressure at this level.
Shares of Sony Corporation (SNE) fell by 2.98% or $-0.41/share to $13.35. In the past year, the shares have traded as low as $13.55 and as high as $27.70. On average, 1812780 shares of SNE exchange hands on a given day and today's volume is recorded at 736396. 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 $17.48 area but be careful because the stock may face selling pressure at this level.
Shares of Coca-Cola Hellenic Bottling Company S.A. (CCH) fell by 5.38% or $-0.84/share to $14.77. In the past year, the shares have traded as low as $14.75 and as high as $27.40. On average, 23670 shares of CCH exchange hands on a given day and today's volume is recorded at 84135. 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 $18.43 area but be careful because the stock may face selling pressure at this level.
Shares of Cabot Microelectronics Corp. (CCMP) fell by 0.12% or $-0.04/share to $32.27. In the past year, the shares have traded as low as $31.95 and as high as $53.15. On average, 182790 shares of CCMP exchange hands on a given day and today's volume is recorded at 28254. 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 $35.78 area but be careful because the stock may face selling pressure at this level.
Shares of HudBay Minerals, Inc. (HBM) fell by 2.19% or $-0.17/share to $7.59. In the past year, the shares have traded as low as $7.72 and as high as $15.71. On average, 37160 shares of HBM exchange hands on a given day and today's volume is recorded at 15730. 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 $10.23 area but be careful because the stock may face selling pressure at this level.
