Stocks That Hit 52-Week Lows On Friday
Portfolio Pulse from Benzinga Insights
On Friday, 54 companies hit new 52-week lows. The largest company in terms of market cap to set a new 52-week low was NovoCure (NASDAQ:NVCR), while the smallest was Ucommune International (NASDAQ:UK). Sigma Additive Solutions (NASDAQ:SASI) saw the largest move, with shares plummeting 27.56%. Greenbrook TMS (NASDAQ:GBNH) shares were the most resilient, moving up 0.0% in response to hitting its 52-week low.
July 21, 2023 | 5:24 pm
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NEUTRAL IMPACT
Greenbrook TMS shares were the most resilient of the group, moving up 0.0% in response to hitting its 52-week low.
While hitting a new 52-week low is generally seen as a negative signal, the fact that shares did not move down could indicate resilience.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NovoCure hit a new 52-week low, but moved up 0.85%.
Hitting a new 52-week low is generally seen as a negative signal, but the fact that shares moved up slightly could indicate resilience.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Sigma Additive Solutions saw the largest move of the companies, with shares plummeting 27.56%.
A large downward move in share price is a strong negative signal, indicating a lack of investor confidence and potentially significant issues within the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Ucommune International was the smallest company by market cap to set a new 52-week low.
Hitting a new 52-week low is generally seen as a negative signal, indicating a lack of investor confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100