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Healthcare Leads 52-Week Highs; Markets Lower Wednesday

Wednesday, August 31, 2022 02:14 PM | Neal Farmer

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Healthcare Leads 52-Week Highs; Markets Lower Wednesday

During trading Wednesday, 6 stocks traded to a 52-week high, while 167 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.37% so far today while the Dow is down 0.47%, the Nasdaq is down 0.3%, and the Russell 2000 is down 0.46%.

Markets are lower Wednesday with 52-week lows far outpacing highs on the day. The ADP National Employment Report showed the private sector adding far less jobs than expected with only 132,000 added in August compared to the projected 315,000. ADP showed a gain of 270,000 jobs in July. Shares of Bed Bath & Beyond (BBBY) are down over 20% after the retailer announced more store closings and additional layoffs as it looks to cut costs.

Sector Highlights

Healthcare stocks dominated our list of highs today with 3 out of the 6 total stocks that reached their high coming from the Healthcare sector. The Healthcare sector is outperforming the market, decreasing 0.35% so far on the day. Over the last month, the Healthcare sector has underperformed the market, decreasing 4.82% while the S&P decreased 3.59%.

Healthcare stocks have the most highs Wednesday as the sector is trading mostly in line with the market today but has actually underperformed over the last month of trading with the sector nearly down 5% during that time.

Healthcare: ALT, ARQT, MIST

Industrials had the second-largest presence on our 52-week highs, with 2 out of 6 highs coming from the Industrials sector. The Industrials sector is outperforming the market today, decreasing 0.53% so far on the day. Over the last month, the Industrials sector has outperformed the market, decreasing 2.67% while the S&P decreased 3.59%.

Industrial stocks have the second most highs today as two stocks hit a new peak despite the sector underperforming on the day overall.

Industrials: FREY, NLSN

The Lists

The following stocks traded to 52-week highs:

ALT, ARQT, FREY, JWSM, MIST, NLSN

The following stocks traded to 52-week lows:

AAT, ACCO, AGFY, AMRX, AMTI, ANF, ARGO, ARVL, ARW, ATHX, AVAH, AVNS, AVTR, AZRE, BBLN, BFAM, BNED, BRKL, AZTA, BV, CCOI, CDNA, CDXC, CEI, CERS, CERT, CEVA, ENOV, CGEN, CLAR, CLVT, CNA, CODX, COMP.EQ, COOK, CSII, CTRN, CUZ, CVAC, CYH, CYXT, DBRG, DGX, DHC, DLX, DOMA, DOMO, EAF, EB, EBET, EBS, EEFT, EGRX, EHTH, ELAN, EMKR, ENDPQ, EXPR, FLGT, STRY, FOA, FORM, FOSL, FSP, GAN, PSNY, GOCO, POL, GREE, GRMN, HAIN, HARP, HAYW, HBI, HGEN, HIW, HLIO, HLLY, HNI, IHS, IIIN, ILPT, INTC, IRT, JBGS, JELD, JWN, KLR, KN, KW, KXIN, LIDR, LL, LYLT, MCG, MCW, MED, MMAT, MRVI, MTW, MXNEMNEXINUVANVAXNWENXRTOBSVOGNOMCLOMIOPADOPIOPRTORGOOUSTPAHCPBIPETQPLXPPRIMPRLBPROPRPLPSFEQRVOQTNTQUOTRGRROOTRPDRXTSDIGSHCSHOOSKILSLGCSLQTSMFRSMGSMPSMPLSMRTSMTCSPWHSTXBOXDSWI, SWK, SYNH, TPC, TREE, TREX, TROX, TRUE, TSE, TWOU, UHS, UPLD, VNO, VRA, VZ, WU, WWXOSQBTSZIM

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