Stocks That Hit 52-Week Lows On Monday
Portfolio Pulse from Benzinga Insights
On Monday, 50 companies reached new 52-week lows. The biggest company by market cap to set a new 52-week low was Verizon Communications (NYSE:VZ), while the smallest was Galmed Pharmaceuticals (NASDAQ:GLMD). Novan (NASDAQ:NOVN) was the biggest loser of the morning session, dropping 72.16% to reach its new 52-week low. Cal-Maine Foods (NASDAQ:CALM) shares were the most resilient, rising 0.06% from its new 52-week low.
July 17, 2023 | 4:17 pm
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NEGATIVE IMPACT
Galmed Pharmaceuticals set a new 52-week low.
The company's stock hit a new 52-week low, which is a bearish signal that could lead to further declines in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Novan was the biggest loser of the morning session, dropping 72.16% to reach its new 52-week low.
The company's stock dropped significantly, hitting a new 52-week low. This is a strong bearish signal that could lead to further declines.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Verizon Communications hit a new 52-week low, moving down 4.26%.
The company's stock hit a new 52-week low, which is a bearish signal that could lead to further declines in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Cal-Maine Foods shares were the most resilient, rising 0.06% from its new 52-week low.
Despite hitting a new 52-week low, the company's shares managed to rebound slightly. This could indicate a potential turnaround, but it's too early to tell.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100