Stocks That Hit 52-Week Lows On Wednesday
Portfolio Pulse from Benzinga Insights
During Wednesday's trading, 103 companies set new 52-week lows. The biggest company in terms of market cap to set a new 52-week low was Estee Lauder Cos (NYSE:EL), while the smallest was Esports Entertainment (NASDAQ:GMBL). ExlService Holdings (NASDAQ:EXLS)'s stock moved significantly downwards, trading down 80.66% to reach a new 52-week low. IDT (NYSE:IDT) saw the biggest bounce back, as shares traded up 0.04% to rebound after it hit its new 52-week low.
August 04, 2023 | 11:53 am
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Estee Lauder Cos (NYSE:EL) set a new 52-week low during Wednesday's trading.
Setting a new 52-week low is generally seen as a bearish signal, indicating that the stock may continue to fall in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
ExlService Holdings (NASDAQ:EXLS)'s stock moved significantly downwards, trading down 80.66% to reach a new 52-week low.
A significant drop in stock price is a bearish signal, indicating that the stock may continue to fall in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Esports Entertainment (NASDAQ:GMBL) was the smallest company in terms of market cap to set a new 52-week low.
Setting a new 52-week low is generally seen as a bearish signal, indicating that the stock may continue to fall in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
IDT (NYSE:IDT) saw the biggest bounce back, as shares traded up 0.04% to rebound after it hit its new 52-week low.
A bounce back after hitting a new 52-week low could be a bullish signal, indicating that the stock may start to rise in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100