Stocks That Hit 52-Week Lows On Friday
Portfolio Pulse from Benzinga Insights
During Friday's session, 169 companies set new 52-week lows. Among them, Bristol-Myers Squibb was the largest firm by market cap to set a new 52-week low, while Blue Star Foods was the smallest. PTC Therapeutics' stock fell the most, trading down 31.29% to reach a new 52-week low. Meanwhile, Prelude Therapeutics' stock bounced back the most, rising 0.0% after reaching its new 52-week low.
September 15, 2023 | 3:52 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bristol-Myers Squibb set a new 52-week low.
Setting a new 52-week low is generally seen as a negative signal about a company's performance and future prospects, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Blue Star Foods set a new 52-week low.
Setting a new 52-week low is generally seen as a negative signal about a company's performance and future prospects, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
PTC Therapeutics' stock fell the most, trading down 31.29% to reach a new 52-week low.
A significant drop in stock price, especially to a new 52-week low, is a strong negative signal. This could indicate serious issues with the company, leading to further decreases in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Prelude Therapeutics' stock bounced back the most, rising 0.0% after reaching its new 52-week low.
While the stock hit a new 52-week low, it also bounced back, indicating some resilience. However, the fact that it hit a new low could still negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100