Stocks falling to new 52 week lows on May 17 are Green Dot Corporation, Basic Energy Services, Inc, STMicroelectronics NV, Cresud Sociedad An, and Grupo Financiero Galicia 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 Green Dot Corporation (GDOT) fell by 3.84% or $-0.83/share to $20.78. In the past year, the shares have traded as low as $21.55 and as high as $40.63. On average, 386650 shares of GDOT exchange hands on a given day and today's volume is recorded at 171103. 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 $26.16 area but be careful because the stock may face selling pressure at this level.
Shares of Basic Energy Services, Inc. (BAS) fell by 2.42% or $-0.27/share to $10.9. In the past year, the shares have traded as low as $11.01 and as high as $37.79. On average, 1459740 shares of BAS exchange hands on a given day and today's volume is recorded at 881649. 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 $15.79 area but be careful because the stock may face selling pressure at this level.
Shares of STMicroelectronics NV (STM) fell by 3.05% or $-0.15/share to $4.76. In the past year, the shares have traded as low as $4.91 and as high as $11.62. On average, 2453290 shares of STM exchange hands on a given day and today's volume is recorded at 937288. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $6.63 area where the stock may encounter resistance.
Shares of Cresud Sociedad An (CRESY) fell by 2.97% or $-0.24/share to $7.83. In the past year, the shares have traded as low as $8.04 and as high as $17.14. On average, 212800 shares of CRESY exchange hands on a given day and today's volume is recorded at 93332. 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 $10.98 area but be careful because the stock may face selling pressure at this level.
Shares of Grupo Financiero Galicia S.A. (GGAL) fell by 2.69% or $-0.13/share to $4.7. In the past year, the shares have traded as low as $4.79 and as high as $14.67. On average, 280720 shares of GGAL exchange hands on a given day and today's volume is recorded at 32152. 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 $5.97 area but be careful because the stock may face selling pressure at this level.