Stocks That Hit 52-Week Lows On Tuesday
Portfolio Pulse from Benzinga Insights
On Tuesday, 99 stocks hit new 52-week lows. The largest company by market cap to set a new low was Insulet (NASDAQ:PODD), while the smallest was SciSparc (NASDAQ:SPRC). BTC Digital (NASDAQ:METX) saw a significant downward movement, trading down 16.67% to reach a new low. Putnam Premier Income (NYSE:PPT) shares were the most resilient, rebounding from its new low with a 0.0% rise.
August 29, 2023 | 6:37 pm
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NEUTRAL IMPACT
Putnam Premier Income (NYSE:PPT) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low.
The company's stock rebounding from its new 52-week low could indicate a potential turnaround, but the 0.0% rise suggests a neutral trend in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
BTC Digital (NASDAQ:METX)'s stock moved significantly downwards, trading down 16.67% to reach a new 52-week low.
The significant downward movement in the company's stock price could indicate a strong bearish trend, potentially leading to further declines in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Insulet (NASDAQ:PODD) was the largest company by market cap to set a new 52-week low.
The company's stock hitting a new 52-week low could indicate a bearish trend, potentially leading to further declines in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
SciSparc (NASDAQ:SPRC) was the smallest company in terms of market cap to set a new 52-week low.
The company's stock hitting a new 52-week low could indicate a bearish trend, potentially leading to further declines in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100