Stocks That Hit 52-Week Lows On Tuesday
Portfolio Pulse from Benzinga Insights
During Tuesday's trading, 46 companies set new 52-week lows. The largest company by market cap to set a new 52-week low was TELUS (NYSE:TU). American Rebel Holdings (NASDAQ:AREB) was the smallest firm on a market cap basis to set a new 52-week low. 9 Meters Biopharma (NASDAQ:NMTR) was the biggest loser, trading down 68.25% to reach its 52-week low. Shuttle Pharmaceuticals (NASDAQ:SHPH) saw the sharpest rebound, as shares ascended 0.0%, reversing after hitting a new 52-week low.
July 18, 2023 | 5:47 pm
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NEGATIVE IMPACT
American Rebel Holdings (NASDAQ:AREB) was the smallest firm on a market cap basis to set a new 52-week low.
American Rebel Holdings hitting a new 52-week low indicates a bearish trend for the stock, which could lead to further price decline in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
9 Meters Biopharma (NASDAQ:NMTR) was the biggest loser, trading down 68.25% to reach its 52-week low.
9 Meters Biopharma's significant price drop indicates a strong bearish trend for the stock, which could lead to further price decline in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
TELUS (NYSE:TU) was the largest company by market cap to set a new 52-week low.
TELUS hitting a new 52-week low indicates a bearish trend for the stock, which could lead to further price decline in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Shuttle Pharmaceuticals (NASDAQ:SHPH) saw the sharpest rebound, as shares ascended 0.0%, reversing after hitting a new 52-week low.
Shuttle Pharmaceuticals' rebound after hitting a new 52-week low indicates a potential reversal of the bearish trend. However, the 0.0% increase suggests a neutral short-term impact.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100