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Stocks Fall Friday; Technology Leads 52-Week Lows

Friday, September 23, 2022 03:20 PM | Neal Farmer
Stocks Fall Friday; Technology Leads 52-Week Lows

During trading Friday, 1 stocks traded to a 52-week high, while 205 stocks bottomed out at new 52-week lows. The S&P 500 is down 2.32% so far today while the Dow is down 2.16%, the Nasdaq is down 2.41%, and the Russell 2000 is down 3.62%.

Stocks are down bad Friday with continued growing concerns of an impending recession. Bank of America strategists have said that investor sentiment is at the lowest point since 2008 while Goldman Sachs cut their targets for stocks as higher interest rates weigh on valuations. Costco (COST) shares are down over 4% despite surpassing earnings estimates as it deals with higher labor and freight costs. FedEx (FDX) stock is meanwhile not performing much better as its shares are down 3.53% following an earnings beat that only came after warning investors last week of its earnings estimates and withdrawing its full-year guidance.

Sector Highlights

Healthcare stocks dominated our list of highs today with 1 out of the 1 total stocks that reached their high coming from the Healthcare sector. The Healthcare sector is outperforming the market, decreasing 1.2% so far on the day. Over the last month, the Healthcare sector has outperformed the market, increasing 5.91% while the S&P decreased 11.35%.

Leading the 52-week highs today is the healthcare sector with a grand total of one stock that accounts for exactly 100% of all highs... it's been a rough end to the week.

Healthcare: BHVN

The Technology sector makes up the majority of our 52-week lows, as 37 out of our 205 lows comes from the Technology sector. The Technology sector is outperforming the market today, decreasing 1.92% so far on the day. Over the last month, the Technology sector has underperformed the market, decreasing 14.43% while the S&P decreased 11.35%.

Technology stocks have the most 52-week lows Friday as the sector is down on the day and over 14% during the past month of trading. Sadly the 14% drop isn't that much worse than the 11.35% drop from the S&P 500.

Technology: ABT, ALGN, AMRX, ATNX, AVNS, AVRO, BIO, BRKR, CERS, CNMD, COO, CRBP, CRL, CTLT, CYH, EBS, EW, EXAS, HCSG

The Lists

The following stocks traded to 52-week highs:

BHVN

The following stocks traded to 52-week lows:

AA, AAL, AAP, AAT, ABG, ABM, ABT, ACCO, ACEL, ACIW, ACN, ADES, AHH, AKR, ALE, ALEX, ALGN, ALGT, ALLY, ALTR, ALV, AMBA, AMCX, AMD, AMRX, AOS, APAM, APLE, APTV, ARW, ATKR, ATNX, ATSG, ATUS, AVNS, AVNT, AVRO, AVTR, B, BANC, BAND, BBDC, BCO, BCSF, BDN, BERY, BFAM, BGS, BIO, BK, BKNG, BKR, BLKB, BOOT, BRKR, BRMK, BRX, BSIG, BV, BX, BYD, CARG, CASA, CAT, CE, CERS, CEVA, CHH, CHTR, CIEN, CIM, CINF, CIO, CLAR, CLB, CLXT, CMCSA, CME, CMPR, CMRE, CNA, CNDT, CNK, CNMD, CODI, COF, COHR, COLM, COO, CPE, CRBP, CRI, CRL, CRM, CRMT, CSCO, CSTM, CSWC, CTLP, CTLT, CTSH, CUBI, CUZ, CVGI, CWK, CYH, CZR, DAN, DD, DDD, DEA, DEI, DELL, DESP, DHC, DISH, DLB, DLR, DLTH, DOC, DOCU, DOMO, DORM, DOW, DRH, DS, DXC, EAF, EB, EBAY, EBS, EEFT, EGAN, EGHT, EIG, ELVT, EMR, ENTG, ENV, EPAC, EPR, EQIX, EVER, EVR, EVTC, EW, EXAS, EXP, EXPD, EXPI, FAF, FBHS, FDX, FF, FIVN, FLS, FLT, FORM, FOXA, FPH, FRC, FRT, FSLY, FSP, FSR, FTDR, GBX, GCI, GCO, GDEN, GDOT, GES, GHL, GIII, GLAD, GLDD, GLW, GMRE, GNL, GNRC, GNTX, GOOD, GOOGL, GOOS, GPI, GPMT, GPRO, GRMN, GSHD, GTES, GTN, GVA, HAIN, HAS, HBI, HCI, HCSG, HE, HGV, HHC, HIG, HIW, HLIO, HMST, HNI

High & Low Streaks

The following stocks are trading at a 52-week low for the third consecutive day:

AMCX, ATUS, BAND

The following stock is trading at a 52-week low for the third consecutive day:

ALGT

The following stock has been trading at a 52-week low for five or more consecutive days:

ATNX (5)

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