Stocks falling to new 52 week lows on May 3 are KIT digital, Inc, Green Mountain Coffee Roasters Inc, Checkpoint Systems Inc, United Online, Inc, and Etablissements Delhaize Freres et Cie Le Lion S.A. 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 KIT digital, Inc. (KITD) fell by 32.65% or $-2.07/share to $4.27. In the past year, the shares have traded as low as $5.93 and as high as $12.73. On average, 1296710 shares of KITD exchange hands on a given day and today's volume is recorded at 6835125. 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 $8.14 area but be careful because the stock may face selling pressure at this level.
Shares of Green Mountain Coffee Roasters Inc. (GMCR) fell by 48.55% or $-24.04/share to $25.48. In the past year, the shares have traded as low as $34.06 and as high as $115.98. On average, 5503150 shares of GMCR exchange hands on a given day and today's volume is recorded at 44463816. 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 $52.23 area but be careful because the stock may face selling pressure at this level.
Shares of Checkpoint Systems Inc. (CKP) fell by 13.46% or $-1.50/share to $9.64. In the past year, the shares have traded as low as $10.35 and as high as $19.75. On average, 225040 shares of CKP exchange hands on a given day and today's volume is recorded at 650568. 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 $11.10 area but be careful because the stock may face selling pressure at this level.
Shares of United Online, Inc. (UNTD) fell by 15.9% or $-0.76/share to $4.02. In the past year, the shares have traded as low as $4.50 and as high as $6.17. On average, 823320 shares of UNTD exchange hands on a given day and today's volume is recorded at 1663179. 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 $4.84 area but be careful because the stock may face selling pressure at this level.
Shares of Etablissements Delhaize Freres et Cie Le Lion S.A. (DEG) fell by 9.41% or $-4.47/share to $43.01. In the past year, the shares have traded as low as $46.90 and as high as $84.10. On average, 39360 shares of DEG exchange hands on a given day and today's volume is recorded at 64377. 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 $51.51 area but be careful because the stock may face selling pressure at this level.
