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.
After some of COVID cases in Beijing and mass COVID-19 testing in most of the city, residents snapped up food and other suppliers with the fear of rising number of cases. Missfresh Limited ("Missfresh" or the
Key Takeaways
• Qudian said it has started trial operations for QD Food, which sells ready-to-cook meal kits through a WeChat mini app
• The move comes as company says it may wind down its original credit business due to challenging regulatory environment
By Warren Yang
Gainers
Advent Technologies Holdings, Inc. (NASDAQ: ADN) shares jumped 77.7% to $3.5950. Advent Technologies and Hyundai Motor Company entered into technology assessment, sales and development agreement.
Key Takeaways:
Investors may be growing more bullish on Dingdong and Missfresh as recent Covid-related lockdowns drive more consumers to buy groceries online
Both companies trade at relatively low valuations, even after big stock gains this week, as analysts remain bullish on the pair
By Doug Young