Stocks That Hit 52-Week Lows On Wednesday
Portfolio Pulse from Benzinga Insights
On Wednesday, 129 stocks hit new 52-week lows, with Qualcomm being the largest company by market cap to set a new low. QualTek Services' stock fell the most, down 38.7%, while Delaware Investments saw the sharpest rebound, with shares ascending 0.02%.
May 24, 2023 | 4:49 pm
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POSITIVE IMPACT
Delaware Investments saw the sharpest rebound among the 52-week lows, with shares ascending 0.02% after hitting a new low.
Delaware Investments experienced the sharpest rebound among the 52-week lows, indicating a potential reversal in bearish sentiment. This could lead to a short-term upward movement in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Qualcomm, the largest company by market cap to set a new 52-week low, saw its stock price drop to $101.61, down 1.82%.
Qualcomm's stock price dropped to a new 52-week low, which indicates a bearish sentiment in the market. This could lead to further downward pressure on the stock in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
QualTek Services' stock fell the most among the 52-week lows, trading down 38.7% to reach a new low.
QualTek Services' stock experienced the largest drop among the 52-week lows, indicating strong bearish sentiment. This could result in further downward pressure on the stock in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100