On Wednesday morning, 11 companies achieved new lows for the year.

Areas of Significance:

• Equity Commonwealth (NYSE: EQC) was the largest firm on a market cap basis to set a new 52-week low.
• The company with the smallest market cap to set a new 52-week low was The9 (NASDAQ: NCTY).
• Oasis Petroleum (NASDAQ: OAS) saw the most pronounced move, as shares traded down 48.95% to hit its new 52-week low.

Stocks dropping to new 52-week lows as of 10 a.m. ET on Wednesday:

• Equity Commonwealth (NYSE: EQC) shares moved down 8.23% on Wednesday to hit a new 52-week low of $26.41, drifting down 8.23%.
• Momo (NASDAQ: MOMO) shares reached a new 52-week low of $13.33 on Wednesday morning, later moving up 0.88%.
• Phoenix Tree Hldgs (NYSE: DNK) stock hit a new 52-week low of $3.95. The stock was down 8.78% on the session.
• Tricida (NASDAQ: TCDA) shares set a new 52-week low of $8.50. The stock traded up 1.99%.
• Lizhi (NASDAQ: LIZI) stock hit $2.13 on Wednesday morning, setting a new 52-week low for a change of down 1.84%.
• Abeona Therapeutics (NASDAQ: ABEO) stock hit $1.02 on Wednesday morning, setting a new 52-week low for a change of down 4.71%.
• Jianpu Technology (NYSE: JT) stock hit a yearly low of $0.39. The stock was down 8.94% for the day.
• Oasis Petroleum (NASDAQ: OAS) stock hit a new 52-week low of $0.19. The stock was down 48.95% on the session.
• Satsuma Pharmaceuticals (NASDAQ: STSA) shares were down 0.13% for the day, having made a 52-week low of $3.80.
• Oncternal Therapeutics (NASDAQ: ONCT) stock set a new 52-week low of $1.71 on Wednesday, moving down 3.46%.
• The9 (NASDAQ: NCTY) shares fell to $0.32 on Wednesday, setting a new 52-week low with a shift of down 38.96%.

Should these stocks see further movement, Benzinga will be the first to update traders. Stay tuned.