Stocks falling to new 52 week lows on July 12 are SUPERVALU Inc, Valhi, Inc, NII Holdings Inc, Infosys Ltd, and Groupon, 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 SUPERVALU Inc. (SVU) fell by 49.15% or $-2.60/share to $2.69. In the past year, the shares have traded as low as $4.05 and as high as $8.93. On average, 7044720 shares of SVU exchange hands on a given day and today's volume is recorded at 71897792. 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 $4.86 area but be careful because the stock may face selling pressure at this level.
Shares of Valhi, Inc. (VHI) fell by 8.55% or $-1.03/share to $11.02. In the past year, the shares have traded as low as $11.65 and as high as $21.52. On average, 37770 shares of VHI exchange hands on a given day and today's volume is recorded at 81348. 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 $14.43 area but be careful because the stock may face selling pressure at this level.
Shares of NII Holdings Inc. (NIHD) fell by 7.89% or $-0.70/share to $8.17. In the past year, the shares have traded as low as $8.82 and as high as $43.78. On average, 4135210 shares of NIHD exchange hands on a given day and today's volume is recorded at 7231592. 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 $11.26 area but be careful because the stock may face selling pressure at this level.
Shares of Infosys Ltd. (INFY) fell by 11.16% or $-4.87/share to $38.75. In the past year, the shares have traded as low as $41.16 and as high as $62.73. On average, 2069830 shares of INFY exchange hands on a given day and today's volume is recorded at 9498552. 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 $43.68 area but be careful because the stock may face selling pressure at this level.
Shares of Groupon, Inc. (GRPN) traded higher by 2.7% or $0.21/share to $7.98. In the past year, the shares have traded as low as $7.72 and as high as $31.14. On average, 6383340 shares of GRPN exchange hands on a given day and today's volume is recorded at 15791020. 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 $10.44 area but be careful because the stock may face selling pressure at this level.
