Stocks That Hit 52-Week Lows On Monday
Portfolio Pulse from Benzinga Insights
On Monday, 27 stocks hit new 52-week lows. The largest company by market cap to hit a new low was Apellis Pharmaceuticals (NASDAQ:APLS), while the smallest was Esports Entertainment (NASDAQ:GMBL). Theratechnologies (NASDAQ:THTX)'s stock came under the most pressure, trading down 252.48% to reach a new low. Artesian Resources (NASDAQ:ARTNA) shares bounced back the most, rising 0.04% after hitting a new low.
July 31, 2023 | 6:56 pm
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NEUTRAL IMPACT
Artesian Resources shares bounced back the most, rising 0.04% after hitting a new 52-week low.
The company's shares bounced back slightly after hitting a new 52-week low. This could indicate a potential reversal, but the change is minimal and may not significantly impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Apellis Pharmaceuticals hit a new 52-week low, with shares moving down 18.14%.
The company's shares hit a new 52-week low, which is generally seen as a bearish signal. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Esports Entertainment was the smallest company by market cap to set a new 52-week low.
The company's shares hit a new 52-week low, which is generally seen as a bearish signal. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Theratechnologies' stock came under the most pressure, trading down 252.48% to reach a new 52-week low.
The company's shares traded down significantly to reach a new 52-week low, which is generally seen as a bearish signal. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100