Among the most volatile stocks traded on June 11 were: InterMune Inc, Merrimack Pharmaceuticals, Inc, InnerWorkings Inc, BBVA Banco Frances S.A, and Centene Corp. 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 InterMune Inc. (ITMN) fell by 1.45% or $-0.15/share to $10.17. In the past year, the shares have traded as low as $9.67 and as high as $37.44. On average, 1911800 shares of ITMN exchange hands on a given day and today's volume is recorded at 359003. 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 $11.68 area but be careful because the stock may face selling pressure at this level.
Shares of Merrimack Pharmaceuticals, Inc. (MACK) fell by 7.89% or $-0.58/share to $6.77. In the past year, the shares have traded as low as $5.66 and as high as $9.00. On average, 203400 shares of MACK exchange hands on a given day and today's volume is recorded at 37322. 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 $7.06 area but be careful because the stock may face selling pressure at this level.
Shares of InnerWorkings Inc. (INWK) fell by 7.28% or $-0.96/share to $12.22. In the past year, the shares have traded as low as $6.52 and as high as $13.30. On average, 243240 shares of INWK exchange hands on a given day and today's volume is recorded at 117772. 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 $11.40 area where the stock will likely see buying pressure.
Shares of BBVA Banco Frances S.A. (BFR) fell by 1.75% or $-0.06/share to $3.36. In the past year, the shares have traded as low as $3.25 and as high as $10.61. On average, 147930 shares of BFR exchange hands on a given day and today's volume is recorded at 80200. 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 $4.70 area but be careful because the stock may face selling pressure at this level.
Shares of Centene Corp. (CNC) fell by 27.23% or $-9.66/share to $25.81. In the past year, the shares have traded as low as $25.28 and as high as $50.98. On average, 1000290 shares of CNC exchange hands on a given day and today's volume is recorded at 6519889. 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 $38.77 area where the stock may encounter resistance.
