The New 52-Week High/Low indicates a stock is trading at its highest or lowest price in the past 52 weeks. This is an important indicator for many investors in determining the current value of a stock or predicting a trend in a stock’s performance. One popular strategy employed by stock traders is to purchase companies hitting new highs.Some analysts propose that buying a stock hitting its 52 week high could be a reasonable strategy. Statistically speaking, there does seem to be some validity to that assertion. Conversely, avoiding a stock hitting its 52 week or yearly low is probably also be a good idea.
However, some caution and caveats are appropriate here. The 52 week time period is arbitrary and selected for convenience. The fact that investors pay so much attention to this artificial number is a great example of “anchoring.” Anchoring is what happens when decision makers (including investors) place a disproportionate amount of emphasis on a number or measure that has limited or no meaning.
Neothetics Inc(NASDAQ:NEOT) stock traded at 52 weeks low level. It decreased -20.22% to the closing price of $0.580. The stock showed weekly upbeat performance of -22.67%, which was maintained for the month at -31.76%. Likewise, the negative performance for the quarter was recorded as -49.57% and for the year was -85.39%, while the YTD performance remained at -75.32%.
Shares of Ceres Inc(NASDAQ:CERE) traded at a 52 weeks low level during last trading session. The stock fell -9.66% to the closing price of $1.59Its last month’s stock price volatility remained 13.78% which for the week stands at 9.32%. Its fifty two weeks range was $1.72 – $24.80. The total market capitalization remained at $122.86 M. This stock is ahead of its 52-week low with -7.56%.
Cliffs Natural Resources Inc(NYSE:CLF) stock reached a 1-year low price of $3.69. The stock has fell -9.05%, reaching at $0.632 after hovering between $0.62 and $0.71. This stock is ahead of its 52-week low with -6.44%. Its last month’s stock price volatility remained 9.51% which for the week stands at 10.96%. The stock showed weekly upbeat performance of -15.80%, which was maintained for the month at -41.53%. Likewise, the negative performance for the quarter was recorded as -68.74%, while the YTD performance remained at -77.84%.