Stocks falling to new 52 week lows on June 5 are Quiksilver Inc, Navistar International Corporation, Cabot Microelectronics Corp, Zynga, Inc, and Arkansas Best Corporation. 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 Quiksilver Inc. (ZQK) fell by 4.84% or $-0.12/share to $2.45. In the past year, the shares have traded as low as $2.49 and as high as $5.57. On average, 1266790 shares of ZQK exchange hands on a given day and today's volume is recorded at 577075. 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 $3.38 area but be careful because the stock may face selling pressure at this level.
Shares of Navistar International Corporation (NAV) traded higher by 0.23% or $0.06/share to $26.67. In the past year, the shares have traded as low as $26.01 and as high as $63.77. On average, 1546020 shares of NAV exchange hands on a given day and today's volume is recorded at 622993. 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 $33.73 area but be careful because the stock may face selling pressure at this level.
Shares of Cabot Microelectronics Corp. (CCMP) traded higher by 0.83% or $0.25/share to $30.49. In the past year, the shares have traded as low as $29.94 and as high as $53.15. On average, 170000 shares of CCMP exchange hands on a given day and today's volume is recorded at 13613. 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 $34.81 area but be careful because the stock may face selling pressure at this level.
Shares of Zynga, Inc. (ZNGA) fell by 1.4% or $-0.08/share to $5.63. In the past year, the shares have traded as low as $5.65 and as high as $15.91. On average, 17317850 shares of ZNGA exchange hands on a given day and today's volume is recorded at 6616765. 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 $9.35 area but be careful because the stock may face selling pressure at this level.
Shares of Arkansas Best Corporation (ABFS) fell by 1.67% or $-0.20/share to $11.8. In the past year, the shares have traded as low as $11.93 and as high as $27.26. On average, 346010 shares of ABFS exchange hands on a given day and today's volume is recorded at 77600. 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 $15.94 area but be careful because the stock may face selling pressure at this level.
