Among the most volatile stocks traded on June 29 were: NXP Semiconductors NV, Lexicon Pharmaceuticals, Inc, Nokia Corporation, Polycom, Inc, and AMC Networks Inc. 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 NXP Semiconductors NV (NXPI) traded higher by 8.52% or $1.83/share to $23.31. In the past year, the shares have traded as low as $13.06 and as high as $27.66. On average, 1480690 shares of NXPI exchange hands on a given day and today's volume is recorded at 1051878. 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 $22.09 area where the stock will likely see buying pressure.
Shares of Lexicon Pharmaceuticals, Inc. (LXRX) fell by 4.78% or $-0.11/share to $2.19. In the past year, the shares have traded as low as $0.81 and as high as $2.36. On average, 838960 shares of LXRX exchange hands on a given day and today's volume is recorded at 613870. 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 $1.70 area where the stock will likely see buying pressure.
Shares of Nokia Corporation (NOK) fell by 1.42% or $-0.03/share to $2.08. In the past year, the shares have traded as low as $2.08 and as high as $6.84. On average, 41579180 shares of NOK exchange hands on a given day and today's volume is recorded at 21216812. 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 $2.89 area but be careful because the stock may face selling pressure at this level.
Shares of Polycom, Inc. (PLCM) traded higher by 3.48% or $0.36/share to $10.69. In the past year, the shares have traded as low as $9.79 and as high as $34.30. On average, 3957120 shares of PLCM exchange hands on a given day and today's volume is recorded at 453952. 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 $11.53 area but be careful because the stock may face selling pressure at this level.
Shares of AMC Networks Inc. (AMCX) traded higher by 0.33% or $0.12/share to $36.13. In the past year, the shares have traded as low as $29.66 and as high as $46.69. On average, 425470 shares of AMCX exchange hands on a given day and today's volume is recorded at 30332. 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 $39.05 area where the stock may encounter resistance.
