Stocks That Hit 52-Week Lows On Wednesday
Portfolio Pulse from Benzinga Insights
On Wednesday, 59 companies hit new 52-week lows. The largest company by market cap to set a new low was Dollar Tree (NASDAQ:DLTR), while the smallest was SenesTech (NASDAQ:SNES). Outlook Therapeutics (NASDAQ:OTLK) saw the biggest fall, with its stock trading down 84.34%. Dollar Tree (NASDAQ:DLTR) had the biggest turnaround, rebounding 0.05% after reaching a new low.
August 30, 2023 | 5:19 pm
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NEGATIVE IMPACT
Dollar Tree hit a new 52-week low but rebounded 0.05%.
Hitting a new 52-week low is generally seen as a negative signal, but the slight rebound could indicate that the stock has found its bottom and may start to recover.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Outlook Therapeutics' stock fell the most, trading down 84.34% to reach a new 52-week low.
A significant drop like this is a strong negative signal, indicating that the stock may continue to fall.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
SenesTech hit a new 52-week low.
Hitting a new 52-week low is generally seen as a negative signal, indicating that the stock may continue to fall.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100