During Tuesday, 581 stocks hit new 52-week lows.
Interesting Highlights From Today's 52-Week Lows
Meta Platforms (NASDAQ:FB) was the biggest company on a market cap basis to set a new 52-week low.
Gainers
InMed Pharmaceuticals Inc. (NASDAQ: INM) shares gained 39.1% to close at $1.05 on Thursday. The company recently said its CFO Bruce Colwill will retire.
SVB Leerink cut the price target on TCR2 Therapeutics Inc. (NASDAQ: TCRR) from $7 to $3. TCR2 Therapeutics shares rose 16% to close at $3.19 on Tuesday.
Piper Sandler analyst Yasmeen Rahimi downgrades Aligos Therapeutics (NASDAQ:ALGS) from Overweight to Neutral and lowers the price target from $15 to $4.
Dosing in the first cohort discontinued after multiple reports of ALT flares suggestive of drug-induced liver toxicity
Funds will be redirected to support ongoing clinical programs, including ALG-000184 (Class-II
Aligos Therapeutics (NASDAQ:ALGS) brought in sales totaling $367.00 thousand during Q4 according to data provided by Benzinga Pro. However, earnings decreased 13.86%, resulting in a loss of $37.71 million.