Among the most volatile stocks traded on June 8 were: ON Semiconductor Corp, PetroQuest Energy Inc, Quiksilver Inc, InnerWorkings Inc, and Yelp, Inc. These stocks are risky as they have high volatility. Since these stocks carry a lot of risk, they will usually provide large returns. This high volatility could be caused by their business strategy or the type of sector they are in.
Shares of ON Semiconductor Corp. (ONNN) traded higher by 0.45% or $0.03/share to $6.77. In the past year, the shares have traded as low as $6.25 and as high as $10.84. On average, 7321730 shares of ONNN exchange hands on a given day and today's volume is recorded at 1514590. 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 $7.76 area but be careful because the stock may face selling pressure at this level.
Shares of PetroQuest Energy Inc. (PQ) traded higher by 0.79% or $0.04/share to $5.09. In the past year, the shares have traded as low as $4.26 and as high as $8.70. On average, 828220 shares of PQ exchange hands on a given day and today's volume is recorded at 230349. 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 $5.42 area but be careful because the stock may face selling pressure at this level.
Shares of Quiksilver Inc. (ZQK) traded higher by 11.89% or $0.29/share to $2.73. In the past year, the shares have traded as low as $2.33 and as high as $5.58. On average, 1320530 shares of ZQK exchange hands on a given day and today's volume is recorded at 1046350. 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 $3.27 area but be careful because the stock may face selling pressure at this level.
Shares of InnerWorkings Inc. (INWK) traded higher by 11.81% or $1.39/share to $13.16. In the past year, the shares have traded as low as $6.52 and as high as $12.24. On average, 237140 shares of INWK exchange hands on a given day and today's volume is recorded at 154474. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $11.38 area where the stock will likely see buying pressure.
Shares of Yelp, Inc. (YELP) traded higher by 7.31% or $1.28/share to $18.8. In the past year, the shares have traded as low as $14.10 and as high as $31.96. On average, 885870 shares of YELP exchange hands on a given day and today's volume is recorded at 208441. 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 $21.74 area but be careful because the stock may face selling pressure at this level.
