Stocks That Hit 52-Week Lows On Tuesday
Portfolio Pulse from Benzinga Insights
On Tuesday, 69 stocks hit new 52-week lows, with Estee Lauder being the largest company by market cap to set a new low. Westport Fuel Systems shares dropped the most, while Greenidge Generation Hldg shares rebounded the highest.
June 06, 2023 | 5:54 pm
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NEGATIVE IMPACT
Estee Lauder Cos (NYSE:EL) shares set a new 52-week low of $178.78, trading down 2.64%.
Estee Lauder shares hitting a new 52-week low indicates a bearish sentiment in the market, which could lead to further downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Westport Fuel Systems (NASDAQ:WPRT) shares dropped the most, trading down 848.41% to reach its new 52-week low.
Westport Fuel Systems shares dropping significantly indicates a strong bearish sentiment in the market, which could lead to further downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100
POSITIVE IMPACT
Greenidge Generation Hldg (NASDAQ:GREE) shares rebounded the highest, with shares trading up 0.0%, bouncing back after reaching its new 52-week low.
Greenidge Generation Hldg shares rebounding after reaching a new 52-week low indicates a potential shift in market sentiment, which could lead to upward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100