Stocks That Hit 52-Week Lows On Friday
Portfolio Pulse from Benzinga Insights
32 companies hit new 52-week lows on Friday, with Royalty Pharma being the largest by market cap and Panbela Therapeutics being the smallest. Panbela Therapeutics also experienced the largest move down, with shares plummeting 52.67%.
June 16, 2023 | 5:08 pm
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NEGATIVE IMPACT
Panbela Therapeutics hit a new 52-week low of $2.64, with shares plummeting 52.67% on the session.
Panbela Therapeutics hitting a new 52-week low and experiencing a significant drop in share price indicates a strong 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
Royalty Pharma hit a new 52-week low of $31.68, with the stock down 0.68% on the session.
Royalty Pharma 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