Stocks That Hit 52-Week Lows On Tuesday
Portfolio Pulse from Benzinga Insights
On Tuesday, 32 companies reached new 52-week lows, with Vodafone Group being the largest in terms of market cap and Nova Lifestyle being the smallest. OceanPal's stock had the biggest downward move, diving 26.32%, while EBET shares bounced back the most, rising 0.0% after hitting a new low.
June 13, 2023 | 5:44 pm
News sentiment analysis
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NEGATIVE IMPACT
Nova Lifestyle's stock hit a new 52-week low, being the smallest company by market cap to do so.
Nova Lifestyle 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 75
RELEVANCE 100
NEGATIVE IMPACT
OceanPal's stock made the biggest move downwards, diving 26.32% to reach a new 52-week low.
OceanPal's significant downward move of 26.32% to reach a new 52-week low indicates strong bearish sentiment, which could lead to further downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Vodafone Group's stock hit a new 52-week low of $9.00, down 0.49% on the session.
Vodafone Group 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 75
RELEVANCE 100
NEUTRAL IMPACT
EBET shares bounced back the most, actually rising 0.0% after hitting a new 52-week low.
EBET shares bouncing back after hitting a new 52-week low indicates a potential stabilization in the stock price. However, the 0.0% rise is not significant enough to suggest a clear short-term direction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100