Stocks falling to new 52 week lows on June 4 are Tumi Holdings, Inc, Higher One Inc, Isoftstone Holdings Limited, Splunk, Inc, and Superior Energy Services, 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 Tumi Holdings, Inc. (TUMI) fell by 6.76% or $-1.09/share to $15.04. In the past year, the shares have traded as low as $15.91 and as high as $28.70. On average, 1622720 shares of TUMI exchange hands on a given day and today's volume is recorded at 1275133. 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 $21.93 area but be careful because the stock may face selling pressure at this level.
Shares of Higher One Inc. (ONE) fell by 5.5% or $-0.66/share to $11.34. In the past year, the shares have traded as low as $11.93 and as high as $21.50. On average, 382010 shares of ONE exchange hands on a given day and today's volume is recorded at 257966. 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 $15.12 area but be careful because the stock may face selling pressure at this level.
Shares of Isoftstone Holdings Limited (ISS) fell by 6.41% or $-0.36/share to $5.26. In the past year, the shares have traded as low as $5.62 and as high as $16.00. On average, 103910 shares of ISS exchange hands on a given day and today's volume is recorded at 69076. 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 $7.98 area but be careful because the stock may face selling pressure at this level.
Shares of Splunk, Inc. (SPLK) fell by 4.37% or $-1.19/share to $26.05. In the past year, the shares have traded as low as $26.97 and as high as $37.57. On average, 1065830 shares of SPLK exchange hands on a given day and today's volume is recorded at 374691. 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 $33.25 area but be careful because the stock may face selling pressure at this level.
Shares of Superior Energy Services, Inc. (SPN) fell by 6.11% or $-1.24/share to $19.05. In the past year, the shares have traded as low as $20.24 and as high as $42.87. On average, 2567570 shares of SPN exchange hands on a given day and today's volume is recorded at 1465732. 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 $24.58 area but be careful because the stock may face selling pressure at this level.
