Stocks That Hit 52-Week Lows On Friday
Portfolio Pulse from Benzinga Insights
During Friday's session, 59 companies set new 52-week lows. The largest firm by market cap to set a new low was Bristol-Myers Squibb (NYSE:BMY), while the smallest was BitNile Metaverse (NASDAQ:BNMV). Tonix Pharmaceuticals (NASDAQ:TNXP) saw the largest move with shares plummeting 38.2%. ClearPoint Neuro (NASDAQ:CLPT)'s stock bounced back the most, rising 0.0% after reaching its new low.
July 28, 2023 | 4:36 pm
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NEGATIVE IMPACT
Bristol-Myers Squibb hit a new 52-week low.
Hitting a 52-week low is generally seen as a negative indicator for a stock, which could lead to a decrease in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
BitNile Metaverse hit a new 52-week low.
Hitting a 52-week low is generally seen as a negative indicator for a stock, which could lead to a decrease in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Tonix Pharmaceuticals saw the largest move with shares plummeting 38.2%.
A significant drop in share price is a negative indicator for a stock, which could lead to further decreases in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
ClearPoint Neuro's stock bounced back the most, rising 0.0% after reaching its new low.
While hitting a 52-week low is generally seen as a negative indicator, the fact that the stock bounced back could indicate resilience, leading to a neutral short-term outlook.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100