Stocks That Hit 52-Week Lows On Wednesday
Portfolio Pulse from Benzinga Insights
On Wednesday, 33 stocks hit new 52-week lows, with UnitedHealth Group being the largest company by market cap and Biocept the smallest. Tenon Medical shares traded down 51.96%, while Camber Energy shares gained 0.16% after reaching their 52-week low.
June 14, 2023 | 5:13 pm
News sentiment analysis
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NEGATIVE IMPACT
Biocept's stock set a new 52-week low of $1.64 on Wednesday, moving down 2.58%.
Biocept's stock hitting a new 52-week low indicates a negative market sentiment, which could lead to further downward pressure on the stock in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Tenon Medical's shares traded down 51.96% to reach its 52-week low.
Tenon Medical's significant drop in share price to reach its 52-week low indicates a strong bearish sentiment in the market, which could lead to further downward pressure on the stock in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
UnitedHealth Group's stock dropped to a yearly low of $445.83 on Wednesday, with shares trading down 7.25%.
UnitedHealth Group's stock 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 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Camber Energy's stock hit a new 52-week low of $1.00, but the stock was up 0.16% on the session.
Camber Energy's stock hitting a new 52-week low indicates a bearish sentiment in the market. However, the stock rebounding with a 0.16% gain suggests that there might be some support for the stock, making the short-term impact neutral.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100