Stocks falling to new 52 week lows on June 4 are Heckmann Corporation, Diamond Foods, Inc, Groupon, Inc, Yelp, Inc, and Dendreon Corp. 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 Heckmann Corporation (HEK) fell by 5.64% or $-0.18/share to $3.01. In the past year, the shares have traded as low as $3.18 and as high as $7.05. On average, 3496000 shares of HEK exchange hands on a given day and today's volume is recorded at 2911076. 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 $3.90 area but be careful because the stock may face selling pressure at this level.
Shares of Diamond Foods, Inc. (DMND) fell by 4.47% or $-0.90/share to $19.25. In the past year, the shares have traded as low as $20.01 and as high as $95.91. On average, 856130 shares of DMND exchange hands on a given day and today's volume is recorded at 573368. 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 $22.11 area but be careful because the stock may face selling pressure at this level.
Shares of Groupon, Inc. (GRPN) fell by 6.71% or $-0.65/share to $9.04. In the past year, the shares have traded as low as $9.53 and as high as $31.14. On average, 3803820 shares of GRPN exchange hands on a given day and today's volume is recorded at 5382543. 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 $12.74 area but be careful because the stock may face selling pressure at this level.
Shares of Yelp, Inc. (YELP) fell by 6.56% or $-1.03/share to $14.66. In the past year, the shares have traded as low as $15.42 and as high as $31.96. On average, 994130 shares of YELP exchange hands on a given day and today's volume is recorded at 166189. 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 $22.31 area where the stock may encounter resistance.
Shares of Dendreon Corp. (DNDN) fell by 8.86% or $-0.60/share to $6.16. In the past year, the shares have traded as low as $6.46 and as high as $42.05. On average, 6659150 shares of DNDN exchange hands on a given day and today's volume is recorded at 6957805. 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 $9.50 area but be careful because the stock may face selling pressure at this level.
