Stocks That Hit 52-Week Lows On Wednesday
Portfolio Pulse from Benzinga Insights
On Wednesday, 59 companies hit new 52-week lows. The largest company by market cap to hit a new low was TC Energy (NYSE:TRP), while the smallest was China SXT Pharmaceuticals (NASDAQ:SXTC). AppHarvest (NASDAQ:APPH)'s stock fell the most, down 19.83%, while XOMA (NASDAQ:XOMA)'s stock bounced back, moving up 0.0% after hitting a new low.
July 26, 2023 | 4:18 pm
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NEGATIVE IMPACT
AppHarvest's stock fell the most, down 19.83%.
A significant drop in stock price could negatively impact the stock in the short term as it indicates a strong selling pressure.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
China SXT Pharmaceuticals hit a new 52-week low.
Hitting a new 52-week low could negatively impact the stock price in the short term as it indicates a downward trend.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
TC Energy hit a new 52-week low.
Hitting a new 52-week low could negatively impact the stock price in the short term as it indicates a downward trend.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
XOMA's stock bounced back, moving up 0.0% after hitting a new low.
The stock bouncing back after hitting a new low indicates a potential resistance level. However, the movement was flat, so the impact is neutral.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100