Stocks That Hit 52-Week Lows On Thursday
Portfolio Pulse from Benzinga Insights
On Thursday, 35 stocks hit new 52-week lows, with Vodafone Group being the largest company by market cap and Precipio being the biggest loser, trading down 33.09%. Kiora Pharmaceuticals made the biggest bounce back, moving up 0.04% after hitting a new 52-week low.
June 08, 2023 | 4:25 pm
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NEUTRAL IMPACT
Kiora Pharmaceuticals' shares made a new 52-week low of $0.74 on Thursday, but the stock was down only 0.04% for the day.
Kiora Pharmaceuticals' stock price reached a new 52-week low, but the minimal 0.04% decline in the stock price suggests that the market reaction is relatively neutral. This could indicate that investors are not overly concerned about the company's performance or outlook, and the stock price may remain stable in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Precipio's stock broke to a new 52-week low of $0.45 on Thursday, with shares trading down 33.09%.
Precipio's stock price reached a new 52-week low, indicating a strong bearish sentiment among investors. The significant 33.09% decline in the stock price suggests that the market is reacting very negatively to the company's performance or outlook, which could lead to further downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Vodafone Group shares reached a new 52-week low of $9.22 on Thursday, moving down 5.32%.
Vodafone Group's stock price reached a new 52-week low, which indicates a bearish sentiment among investors. The 5.32% decline in the stock price suggests that the market is reacting negatively to the company's performance or outlook, which could lead to further downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100