Stocks That Hit 52-Week Lows On Thursday
Portfolio Pulse from Benzinga Insights
On Thursday, 128 companies hit new 52-week lows. The largest company by market cap to set a new low was Corteva (NYSE:CTVA), while the smallest was Esports Entertainment (NASDAQ:GMBL). Galera Therapeutics (NASDAQ:GRTX) was the biggest loser, dropping 84.91%, while Eargo (NASDAQ:EAR) made the biggest reversal, trading flat after hitting a new low.
August 10, 2023 | 5:43 pm
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NEGATIVE IMPACT
Corteva hit a new 52-week low.
Hitting a new 52-week low could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Esports Entertainment hit a new 52-week low.
Hitting a new 52-week low could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Galera Therapeutics dropped 84.91% to hit a new 52-week low.
A drop of 84.91% is a significant negative movement, which could lead to further selling pressure in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Eargo made the biggest reversal, trading flat after hitting a new 52-week low.
Trading flat after hitting a new 52-week low indicates that the stock has found some support at the current price level. This could lead to a period of consolidation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100