Stocks That Hit 52-Week Lows On Friday
Portfolio Pulse from Benzinga Insights
On Friday, 57 companies reached new 52-week lows. The largest company by market cap to set a new 52-week low was Walt Disney (NYSE:DIS), while the smallest was Blue Star Foods (NASDAQ:BSFC). Sonnet BioTherapeutics (NASDAQ:SONN) saw the most significant move, with shares trading down 2043.2% to reach its new 52-week low. Cencora (NYSE:COR)'s shares had the biggest turnaround, rebounding 0.01% after reaching a new 52-week low.
September 01, 2023 | 6:38 pm
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NEGATIVE IMPACT
Blue Star Foods shares hit a yearly low of $0.51. The stock was down 3.14% for the day.
The stock price of Blue Star Foods has hit a new 52-week low, which indicates a bearish trend. This could lead to a further decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Walt Disney shares were down 2.94% for the day, having made a 52-week low of $80.53.
The stock price of Walt Disney has hit a new 52-week low, which indicates a bearish trend. This could lead to a further decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Cencora's shares had the biggest turnaround, impressively rebounding 0.01% after reaching a new 52-week low.
Despite hitting a new 52-week low, Cencora's shares rebounded slightly, indicating a potential bullish trend. This could lead to a slight increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Sonnet BioTherapeutics shares made a new 52-week low of $3.80 on Friday. The stock was up 2043.2% for the day.
Despite hitting a new 52-week low, Sonnet BioTherapeutics shares rebounded dramatically, indicating a potential bullish trend. This could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100