Stocks That Hit 52-Week Lows On Tuesday
Portfolio Pulse from Benzinga Insights
During Tuesday's morning session, 137 companies made new 52-week lows. Notable companies include Bristol-Myers Squibb, NovaBay Pharmaceuticals, Smart for Life, and Nemaura Medical.
May 30, 2023 | 6:13 pm
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NEGATIVE IMPACT
Bristol-Myers Squibb (NYSE:BMY) was the biggest company in terms of market cap to set a new 52-week low.
Bristol-Myers Squibb hitting a new 52-week low indicates a bearish sentiment in the market for the stock. This could lead to further downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NovaBay Pharmaceuticals (AMEX:NBY) was the smallest, in terms of market cap, to set a new 52-week low.
NovaBay Pharmaceuticals reaching a new 52-week low indicates a negative sentiment in the market for the stock. This could result in further downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Smart for Life (NASDAQ:SMFL)'s stock moved significantly downwards, trading down 37.8% to reach a new 52-week low.
Smart for Life's stock price dropping 37.8% to reach a new 52-week low indicates a strong bearish sentiment in the market. This could lead to further downward pressure on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
Nemaura Medical (NASDAQ:NMRD)'s stock showed potential to rebound, rebounding up 0.0% after reaching a new 52-week low.
Nemaura Medical's stock rebounding up 0.0% after reaching a new 52-week low indicates that the market may be uncertain about the stock's direction. This could result in a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100