Stocks That Hit 52-Week Lows On Tuesday
Portfolio Pulse from Benzinga Insights
On Tuesday, 132 companies hit new 52-week lows. Among them, Corning (NYSE:GLW) was the largest in terms of market cap, while Wheeler Real Estate IT (NASDAQ:WHLR) was the smallest. Fortress Biotech (NASDAQ:FBIO) saw the largest move with shares plummeting 1350.03%, while Insulet (NASDAQ:PODD) made the biggest bounce back, moving up 0.0% shortly after hitting a new 52-week low.
October 10, 2023 | 5:09 pm
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NEGATIVE IMPACT
Fortress Biotech's shares plummeted 1350.03% to hit a new 52-week low.
A significant drop in share price indicates a strong bearish trend, which could negatively impact the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Corning hit a new 52-week low.
Hitting a new 52-week low could negatively impact the stock price in the short term as it indicates a bearish trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Wheeler Real Estate IT hit a new 52-week low.
Hitting a new 52-week low could negatively impact the stock price in the short term as it indicates a bearish trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Insulet's stock moved up 0.0% shortly after hitting a new 52-week low.
Although the stock hit a new 52-week low, it bounced back immediately, indicating a potential reversal of the bearish trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100