Stocks falling to new 52 week lows on June 12 are Cell Therapeutics, Inc, Zynga, Inc, YPF S.A, AK Steel Holding Corporation, and Ubiquiti Networks, 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 Cell Therapeutics, Inc. (CTIC) fell by 3.67% or $-0.03/share to $0.73. In the past year, the shares have traded as low as $0.75 and as high as $2.20. On average, 1608530 shares of CTIC exchange hands on a given day and today's volume is recorded at 3253717. 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 $1.05 area but be careful because the stock may face selling pressure at this level.
Shares of Zynga, Inc. (ZNGA) fell by 10.09% or $-0.56/share to $4.99. In the past year, the shares have traded as low as $5.51 and as high as $15.91. On average, 18766500 shares of ZNGA exchange hands on a given day and today's volume is recorded at 28054634. 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 $8.65 area but be careful because the stock may face selling pressure at this level.
Shares of YPF S.A. (YPF) fell by 6.03% or $-0.67/share to $10.45. In the past year, the shares have traded as low as $11.06 and as high as $44.43. On average, 1541170 shares of YPF exchange hands on a given day and today's volume is recorded at 634028. 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 $15.77 area but be careful because the stock may face selling pressure at this level.
Shares of AK Steel Holding Corporation (AKS) fell by 5.01% or $-0.25/share to $4.74. In the past year, the shares have traded as low as $4.98 and as high as $16.34. On average, 7486830 shares of AKS exchange hands on a given day and today's volume is recorded at 9888980. 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 $6.83 area but be careful because the stock may face selling pressure at this level.
Shares of Ubiquiti Networks, Inc. (UBNT) traded higher by 5.66% or $0.67/share to $12.5. In the past year, the shares have traded as low as $11.68 and as high as $35.99. On average, 666120 shares of UBNT exchange hands on a given day and today's volume is recorded at 776317. 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 $23.30 area where the stock may encounter resistance.
