Stocks falling to new 52 week lows on May 11 are Sony Corporation, Career Education Corp, Apollo Group Inc, Education Management Corporation, and GFI Group 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 Sony Corporation (SNE) fell by 8.06% or $-1.24/share to $14.14. In the past year, the shares have traded as low as $14.85 and as high as $28.54. On average, 1719610 shares of SNE exchange hands on a given day and today's volume is recorded at 1939998. 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 $18.88 area but be careful because the stock may face selling pressure at this level.
Shares of Career Education Corp. (CECO) fell by 14.71% or $-1.03/share to $5.97. In the past year, the shares have traded as low as $6.22 and as high as $27.60. On average, 1136290 shares of CECO exchange hands on a given day and today's volume is recorded at 1719082. 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 $7.62 area but be careful because the stock may face selling pressure at this level.
Shares of Apollo Group Inc. (APOL) fell by 3.21% or $-1.04/share to $31.4. In the past year, the shares have traded as low as $32.37 and as high as $58.29. On average, 2448720 shares of APOL exchange hands on a given day and today's volume is recorded at 2494408. 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 $38.28 area but be careful because the stock may face selling pressure at this level.
Shares of Education Management Corporation (EDMC) fell by 3.22% or $-0.34/share to $10.23. In the past year, the shares have traded as low as $10.48 and as high as $29.90. On average, 218680 shares of EDMC exchange hands on a given day and today's volume is recorded at 39824. 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 $14.00 area but be careful because the stock may face selling pressure at this level.
Shares of GFI Group Inc. (GFIG) fell by 3.27% or $-0.10/share to $2.96. In the past year, the shares have traded as low as $2.98 and as high as $4.87. On average, 276550 shares of GFIG exchange hands on a given day and today's volume is recorded at 56110. 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 $3.53 area but be careful because the stock may face selling pressure at this level.
