Stocks That Hit 52-Week Lows On Monday
Portfolio Pulse from Benzinga Insights
On Monday, 65 companies hit new 52-week lows. The largest company by market cap to set a new 52-week low was Pfizer (NYSE:PFE), while the smallest was Biodexa Pharmaceuticals (NASDAQ:BDRX). Tivic Health Systems (NASDAQ:TIVC) shares traded down 40.69% to reach its 52-week low, making it the biggest loser. Chijet Motor Co (NASDAQ:CJET) shares bounced back the most, actually rising 0.0% after hitting a new 52-week low.
July 10, 2023 | 5:50 pm
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NEUTRAL IMPACT
Chijet Motor Co shares bounced back 0.0% after hitting a new 52-week low.
While hitting a 52-week low is generally a negative signal, the fact that the shares bounced back to end the day flat could suggest that the selling pressure has eased, which could limit the downside in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Biodexa Pharmaceuticals hit a new 52-week low.
Hitting a 52-week low is generally seen as a negative signal about the company's performance and future prospects, which could put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Pfizer hit a new 52-week low.
Hitting a 52-week low is generally seen as a negative signal about the company's performance and future prospects, which could put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Tivic Health Systems shares traded down 40.69% to reach its 52-week low.
A significant drop in share price like this is a strong negative signal, and could lead to further declines in the short term as investors react to the news.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100