KWT Crosses Critical Technical Indicator Wednesday, October 10, 4:01 PM ET, by Market News Video Staff In trading on Wednesday, shares of the Solar Energy ETF (KWT) entered into oversold territory, ...
In trading on Monday, shares of SunPower Corp (SPWRA) crossed below their last reported book value — defined as common shareholder equity per share — of $16.45, changing hands as low as $15.51 per share. SunPower Corp shares are currently trading off about 7.3% on the day. The chart below shows the one year performance of SPWRA shares, versus its 50 and 200 day moving averages:
Looking at the chart above, SPWRA's low point in its 52 week range is $9.61 per share, with $23.36 as the 52 week high point — that compares with a last trade of $15.85.
According to the ETF Finder at ETF Channel, SPWRA makes up 4.47% of the Solar Energy ETF (AMEX:KWT) which is trading lower by about 8.3% on the day Monday.
SPWRA operates in the Semiconductors sector, among companies like Advantest Corp. (NYSE:ATE) which is down about 1.6% today, and Cree, Inc. (NASDAQ:CREE) trading lower by about 2.7%. Below is a three month price history chart comparing the stock performance of SPWRA, versus ATE and CREE.
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