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
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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
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