Stocks falling to new 52 week lows on June 1 are Semiconductor Manufacturing International Corp, Cresud Sociedad An, SunPower Corporation, Gulfport Energy Corp, and First Solar, 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 Semiconductor Manufacturing International Corp. (SMI) fell by 3.09% or $-0.05/share to $1.57. In the past year, the shares have traded as low as $1.62 and as high as $4.20. On average, 120940 shares of SMI exchange hands on a given day and today's volume is recorded at 180136. 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 $2.35 area but be careful because the stock may face selling pressure at this level.
Shares of Cresud Sociedad An (CRESY) traded higher by 1.83% or $0.13/share to $7.22. In the past year, the shares have traded as low as $7.08 and as high as $17.03. On average, 224500 shares of CRESY exchange hands on a given day and today's volume is recorded at 106446. 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 $10.06 area but be careful because the stock may face selling pressure at this level.
Shares of SunPower Corporation (SPWR) fell by 1.2% or $-0.06/share to $4.95. In the past year, the shares have traded as low as $4.94 and as high as $23.36. On average, 1108630 shares of SPWR exchange hands on a given day and today's volume is recorded at 495848. 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 $5.75 area but be careful because the stock may face selling pressure at this level.
Shares of Gulfport Energy Corp. (GPOR) fell by 5.55% or $-1.03/share to $17.45. In the past year, the shares have traded as low as $18.00 and as high as $37.79. On average, 893310 shares of GPOR exchange hands on a given day and today's volume is recorded at 688805. 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 $24.99 area but be careful because the stock may face selling pressure at this level.
Shares of First Solar, Inc. (FSLR) fell by 3.46% or $-0.43/share to $12.13. In the past year, the shares have traded as low as $12.19 and as high as $142.20. On average, 6498500 shares of FSLR exchange hands on a given day and today's volume is recorded at 3878594. 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 $19.24 area but be careful because the stock may face selling pressure at this level.
