Stocks falling to new 52 week lows on June 5 are Midstates Petroleum Company, Inc, Nippon Telegraph & Telephone Corp, LRR Energy, L.P, Aruba Networks, Inc, and InterDigital, 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 Midstates Petroleum Company, Inc. (MPO) traded higher by 0.67% or $0.08/share to $12.03. In the past year, the shares have traded as low as $11.91 and as high as $16.95. On average, 565520 shares of MPO exchange hands on a given day and today's volume is recorded at 42400. 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 $14.84 area but be careful because the stock may face selling pressure at this level.
Shares of Nippon Telegraph & Telephone Corp. (NTT) fell by 0.95% or $-0.20/share to $20.95. In the past year, the shares have traded as low as $21.08 and as high as $26.32. On average, 633620 shares of NTT exchange hands on a given day and today's volume is recorded at 126454. 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 $22.15 area but be careful because the stock may face selling pressure at this level.
Shares of LRR Energy, L.P. (LRE) traded higher by 0.6% or $0.08/share to $13.51. In the past year, the shares have traded as low as $13.38 and as high as $21.58. On average, 111430 shares of LRE exchange hands on a given day and today's volume is recorded at 22051. 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 $17.84 area but be careful because the stock may face selling pressure at this level.
Shares of Aruba Networks, Inc. (ARUN) traded higher by 3.65% or $0.46/share to $13.05. In the past year, the shares have traded as low as $12.45 and as high as $31.37. On average, 3301950 shares of ARUN exchange hands on a given day and today's volume is recorded at 826270. 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 $18.82 area but be careful because the stock may face selling pressure at this level.
Shares of InterDigital, Inc. (IDCC) traded higher by 3.56% or $0.84/share to $24.42. In the past year, the shares have traded as low as $23.54 and as high as $81.89. On average, 755750 shares of IDCC exchange hands on a given day and today's volume is recorded at 124552. 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 $29.63 area but be careful because the stock may face selling pressure at this level.
