Stocks That Hit 52-Week Lows On Thursday
Portfolio Pulse from Benzinga Insights
On Thursday, 109 companies set new 52-week lows. The largest company in terms of market cap to set a new 52-week low was Nasdaq (NASDAQ:NDAQ). Biodexa Pharmaceuticals (NASDAQ:BDRX) was the smallest company in terms of market cap to set a new 52-week low. Sarcos Technology (NASDAQ:STRC) shares dropped the most, trading down 417.35% to reach its new 52-week low. Cineverse (NASDAQ:CNVS) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low.
July 06, 2023 | 4:58 pm
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Biodexa Pharmaceuticals (NASDAQ:BDRX) hit a new 52-week low, moving down 0.65%.
Biodexa Pharmaceuticals' stock price hit a new 52-week low, which is generally seen as a bearish signal. This could lead to a short-term downward trend in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Nasdaq (NASDAQ:NDAQ) hit a new 52-week low, moving down 1.92%.
Nasdaq's stock price hit a new 52-week low, which is generally seen as a bearish signal. This could lead to a short-term downward trend in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Sarcos Technology (NASDAQ:STRC) shares dropped the most, trading down 417.35% to reach its new 52-week low.
Sarcos Technology's stock price dropped significantly to hit a new 52-week low, which is a strong bearish signal. This could lead to a short-term downward trend in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Cineverse (NASDAQ:CNVS) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low.
Cineverse's stock price rebounded from its new 52-week low, indicating resilience. This could lead to a short-term neutral trend in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100