Stocks That Hit 52-Week Lows On Monday
Portfolio Pulse from Benzinga Insights
On Monday, 41 companies hit new 52-week lows, with EPAM Sys being the largest in terms of market cap and Oncorus being the smallest. Castle Biosciences was the biggest loser, trading down 46.96%, while GABELLI CONVERTIBLE shares gained 0.23% after reaching their 52-week low.
June 05, 2023 | 4:23 pm
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POSITIVE IMPACT
GABELLI CONVERTIBLE (NYSE:GCV) shares gained 0.23% after reaching a new 52-week low of $4.13 on Monday.
GABELLI CONVERTIBLE shares rebounding after hitting a new 52-week low indicates that the market may see this as a buying opportunity, which could lead to upward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Castle Biosciences (NASDAQ:CSTL) hit a new 52-week low of $9.26 on Monday, with the stock down 46.96% for the day.
Castle Biosciences hitting a new 52-week low indicates a bearish sentiment in the market, which could lead to further downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
EPAM Sys (NYSE:EPAM) hit a new 52-week low of $210.40 on Monday, with the stock down 17.79% for the day.
EPAM Sys hitting a new 52-week low indicates a bearish sentiment in the market, which could lead to further downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Oncorus (NASDAQ:ONCR) hit a new 52-week low of $0.09 on Monday, with the stock down 10.35% for the day.
Oncorus hitting a new 52-week low indicates a bearish sentiment in the market, which could lead to further downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100