Centrais Eletricas (NYSE:EBR) Stock, Quote.Headers.trade-ideas

Centrais Eletricas

Centrais Eletricas Brasileiras SA is engaged in the generation, transmission, and commercialization of electricity in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. Its segments are Generation which consists of the generation of electric energy and the sale of energy to distribution companies and free consumers, and commercialization; Transmission which consists of the transmission of electric energy; and Administration activities mainly represent the Company's cash management, the management of the compulsory loan, and the management of business in SPEs, and others.

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15 large-cap stocks had a rough week, with CVS, Starbucks, and DoorDash all taking major hits. Analysts have lowered price targets on many.

Last Week&#39;s Worst-Performing Stocks: Are These 15 Large-Cap Stocks In Your Portfolio? (April 28-May 4, 2024)

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The most overbought stocks in the utilities sector presents an opportunity to go short on these overvalued companies.

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U.S. stocks pared some losses toward the end of trading, with the Dow Jones and S&amp;P 500 turning higher on Friday.

The Dow traded up 0.16% to 32,156.53 while the NASDAQ fell 0.16% to 11,768.17. The S&amp;P 500, also rose, gaining, 0.21% to 3,956.84.

Dow Rises 50 Points; Oxford Industries Shares Plunge

Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one Common Share)

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Centrais Electricas Brasileiras S.A. Sponsored ADS representing Pfd Shares

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Shares of Brazilian companies are trading lower. A new government fiscal spending package and last week's central bank rate hike could be eroding global investor confidence and raising concerns over the nation's deficit.

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Shares of Brazilian stocks are trading lower amid a rise in borrowing costs and a depreciation of the Brazilian Real.

These 15 large-cap stocks were the worst performers last week. Are they in your portfolio?
<ol>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) shares tumbled 18.2% after it reported first-quarter sales of $88.4 billion, missing the consensus of $89.21 billion, and adjusted EPS of $1.31 <a href="https://www.benzinga.com//node/38549660" target="_blank" rel="noreferrer noopener">missed the consensus of $1.69m and cut FY24 guidance</a>. Several analysts <a href="https://www.benzinga.com//node/38582839" target="_blank" rel="noreferrer noopener">trimmed the price target</a>.</li>
<li>Skyworks Solutions, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) shares plummeted 16.8% after the company reported&nbsp;Q2&nbsp;financial results and issued&nbsp;Q3&nbsp;revenue&nbsp;guidance&nbsp;with&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38536220" rel="noreferrer noopener">the midpoint below estimates</a>. Several analysts cut the&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38549218" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Starbucks Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) shares decreased 15.2% following worse-than-expected earnings&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38534321" rel="noreferrer noopener">results for the&nbsp;second quarter of FY24</a>. Multiple analysts lowered price targets on the&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38549288" rel="noreferrer noopener">stock&nbsp;following the release</a>.</li>
<li>Super Micro Computer, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares are down 14.4% after the company posted mixed&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38555359" rel="noreferrer noopener">third-quarter&nbsp;financial results</a>. Few analysts cut and&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/SMCI/analyst-ratings" rel="noreferrer noopener">boosted the price target</a>.</li>
<li>Bruker Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKR#NASDAQ">BRKR</a>) shares decreased 13.8% after the company&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38577397" rel="noreferrer noopener">reported&nbsp;Q1&nbsp;revenue miss</a>.</li>
<li>Stellantis N.V.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) shares declined 13.5% after the company reported&nbsp;a&nbsp;12%&nbsp;decrease in first-quarter&nbsp;net revenues and&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38515774" rel="noreferrer noopener">a&nbsp;10%&nbsp;reduction in consolidated shipments</a>.&nbsp;</li>
<li>DoorDash, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) shares declined 13.5% after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38565879" rel="noreferrer noopener">mixed&nbsp;Q1&nbsp;financial results</a>. Most analysts trimmed the&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/dash/analyst-ratings" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Centrais Electricas Brasileiras&nbsp;S.A.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBR#NYSE">EBR</a>) shares were down 13.5%.</li>
<li>MicroStrategy Incorporated&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares dived 12.7% after the company&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38503135" rel="noreferrer noopener">reported&nbsp;Q1&nbsp;financial results</a>.</li>
<li>GE&nbsp;HealthCare&nbsp;Technologies Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) shares declined 12.5% after it reported&nbsp;first-quarter&nbsp;sales of&nbsp;$4.6 billion, which&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38525477" rel="noreferrer noopener">missed the&nbsp;consensus of&nbsp;$4.8 billion</a>. Some analysts&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/gehc/analyst-ratings" rel="noreferrer noopener">reduced the price target</a>.</li>
<li>The Carlyle Group Inc.&nbsp;(NASDAQ:&nbsp;CG) shares decreased 12.4% after the company reported&nbsp;Q1&nbsp;financial results.</li>
<li>Global Payments Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) shares were down 11.3% after it reported&nbsp;Q1&nbsp;financial&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38558593" rel="noreferrer noopener">results and issued&nbsp;guidance</a>.</li>
<li>Banco Bilbao Vizcaya Argentaria S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBVA#NYSE">BBVA</a>) shares declined 11.3% after reporting first-quarter FY24 results. The company reportedly confirmed its intention to start talks with Sabadell on a potential merger.</li>
<li>CDW Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) shares declined 11.2%&nbsp;after the company reported worse-than-<a target="_blank" href="https://www.benzinga.com//node/38559196" rel="noreferrer noopener">expected&nbsp;Q1&nbsp;financial results</a>. Analysts trimmed&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38559196" rel="noreferrer noopener">the price target on the stock</a>.</li>
<li>APA Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>) shares are down 10.8% after it reported worse-than-expected&nbsp;Q1&nbsp;earnings and&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38564165" rel="noreferrer noopener">APA revised FY24&nbsp;guidance</a>.&nbsp;</li>
</ol>
Also Read: <a href="https://www.benzinga.com/markets/equities/24/05/38633878/which-large-cap-stocks-are-winning-this-earnings-season-15-stocks-to-watch-april-28-may-4-2024">Which Large Cap Stocks Are Winning This Earnings Season: 15 Stocks To Watch (April 28-May 4, 2024)</a>
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Last Week's Worst-Performing Stocks: Are These 15 Large-Cap Stocks In Your Portfolio? (April 28-May 4, 2024)

Shares of utilities stocks are trading lower amid a rise in yields following hotter-than-expected March inflation data. A rise in yields could pressure dividend-paying sectors.

Shares of utilities companies are trading lower amid a rise in Treasury yields, which could drive a rotation out of income-paying stocks.

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Shares of utilities stocks are trading higher amid a drop in Treasury yields following softer-than-expected October CPI data.

Eletrobras shares are trading lower following the resignation of CEO Wilson Ferreira.

The most overbought stocks in the utilities sector presents an opportunity to go short on these overvalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70.</a>
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Companhia Energ&eacute;tica de Minas Gerais (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cig#NYSE">CIG</a>)</h3>
<ul>
<li>The company&rsquo;s stock gained 4% over the past month. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/CIG">52-week high of $2.62 </a>.</li>
<li>RSI Value: 70.11</li>
<li>CIG Price Action: Shares of Companhia Energ&eacute;tica de Minas Gerais rose 2.4% to close at $2.59 on Monday.</li>
</ul>
<h3>Centrais El&eacute;tricas Brasileiras S.A. - Eletrobr&aacute;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ebr#NYSE">EBR</a>)</h3>
<ul>
<li>The company&rsquo;s stock gained 10% over the past month. The company&rsquo;s <a href="https://www.benzinga.com/quote/EBR"> stock has a 52-week high </a> of $10.39.</li>
<li>RSI Value: 75.11</li>
<li>EBR Price Action: Shares of Centrais El&eacute;tricas Brasileiras rose 1.9% to close at $8.00 on Monday.</li>
</ul>
<h3>Constellation Energy Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceg#NASDAQ">CEG</a>)</h3>
<ul>
<li>Wells Fargo recently maintained Constellation Energy with an Overweight and raised the price target from $115 to $120. The company has a <a href="https://www.benzinga.com/quote/CEG"> 52-week high </a> of $97.89.</li>
<li>RSI Value: 81.81</li>
<li>CEG Price Action: Shares of Constellation Energy rose 0.5% to close at $93.75 on Monday.</li>
</ul>
<h3>Companhia Paranaense de Energia - COPEL (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/elp#NYSE">ELP</a>)</h3>
<ul>
<li>The company&rsquo;s shares gained around 5% over the previous month. The company&rsquo;s 52-week high is $8.25.</li>
<li>RSI Value: 71.00</li>
<li>ELP Price Action: Shares of Companhia Paranaense de Energia rose 0.1% to close at $8.06 on Monday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/23/06/32814035/workday-alaska-air-and-2-other-stocks-insiders-are-selling"> Workday, Alaska Air And 2 Other Stocks Insiders Are Selling </a>

Shares of Brazilian stocks are trading higher amid a decline in March inflation.

Centrais Electricas Brasileiras shares are trading higher amid overall Brazilian market strength.

U.S. stocks pared some losses toward the end of trading, with the Dow Jones and S&amp;P 500 turning higher on Friday.
The Dow traded up 0.16% to 32,156.53 while the NASDAQ fell 0.16% to 11,768.17. The S&amp;P 500, also rose, gaining, 0.21% to 3,956.84.
Check This Out: <a href="https://www.benzinga.com/news/23/03/31490247/top-5-tech-stocks-that-may-fall-off-a-cliff-this-quarter"> Top 5 Tech Stocks That May Fall Off A Cliff This Quarter</a>
&nbsp; 
<h3>Leading and Lagging Sectors</h3>
<ul>
<li>Utilities shares rose by 2.2% on Friday. Meanwhile, top gainers in the <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> included ReNew Energy Global Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnw#NASDAQ">RNW</a>), up 21%, and Centrais El&eacute;tricas Brasileiras S.A. - Eletrobr&aacute;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ebr#NYSE">EBR</a>), up 5%.</li>
<li>In trading on Friday, consumer discretionary shares fell by 0.7%.</li>
</ul>

&nbsp; 
<h3>Top Headline</h3>

The S&amp;P Global manufacturing PMI rose to 49.1 in March from 47.3 in the previous month, while services PMI climbed to 53.8 from 50.6 in January.
The S&amp;P Global composite PMI surged to 53.3 in March from 50.1 in the prior month.
&nbsp; 
<h3>Equities Trading UP</h3>
<ul>
<li>Silvergate Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/si#NYSE">SI</a>) shares shot up 71% to $1.9365 as traders circulated a rumor that a crypto exchange is trying to buy the company&#39;s trade processing technologies.</li>
<li>Shares of Torrid Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/curv#NYSE">CURV</a>) got a boost, shooting 25% to $2.98 after the company reported Q4 results.</li>
<li>Vor Biopharma Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vor#NASDAQ">VOR</a>) shares were also up, gaining 16% to $5.92 after the company reported better-than-expected Q4 EPS results.</li>
</ul>

&nbsp; 
<h3>Equities Trading DOWN</h3>
<ul>
<li>Allarity Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allr#NASDAQ">ALLR</a>) shares 24% to $0.0855 after the company announced a reverse stock split of its common stock.</li>
<li>Shares of Scholastic Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/schl#NASDAQ">SCHL</a>) were down 21% to $32.53 after the company said Q3 adjusted EPS and sales results were lower year over year.</li>
<li>Oxford Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oxm#NYSE">OXM</a>) was down, falling 14% to $100.55 after the company issued Q1 adjusted EPS guidance below estimates.</li>
</ul>

Also Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/03/31487103/this-delivery-giant-is-a-comeback-story-plus-nike-abbvie-and-oracle-cnbcs-final-trades"> This Delivery Giant Is A &#39;Comeback Story&#39; Plus Nike, AbbVie And Oracle: CNBC&#39;s &#39;Final Trades&#39;</a>
&nbsp; 
<h3>Commodities</h3>

In commodity news, oil traded down 1% to $69.25 while gold traded down 0.5% at $1,985.60.
Silver traded up 0.3% to $23.335 on Friday while copper fell 1.4% to $4.0675.
&nbsp; 
<h3>Euro zone</h3>

European shares closed lower today. The eurozone&rsquo;s STOXX 600 fell 1.37%, London&rsquo;s FTSE 100 fell 1.26% while Spain&rsquo;s IBEX 35 Index tumbled 1.98%. The German DAX declined 1.66%, French CAC 40 dipped 1.74% and Italy&rsquo;s FTSE MIB Index fell 2.23%.
The S&amp;P Global Eurozone manufacturing PMI dropped to 47.1 in March versus a reading of 48.5 in February, while services PMI climbed to 55.6 from 52.7. The S&amp;P Global German composite PMI climbed to 52.6 in March from 50.7 in the prior month, while French composite PMI jumped to 54 from 51.7.
The S&amp;P Global/CIPS UK services PMI fell to 52.8 in March from 53.5 in February, while manufacturing PMI slipped to 48 from 49.3. Retail sales in the UK increased 1.2% month-over-month in February. Spanish gross domestic product grew by 0.2% quarter-over-quarter during the last three months of 2022.
&nbsp; 
<h3>Asia Pacific Markets</h3>

Asian markets closed lower on Friday, with Japan&rsquo;s Nikkei 225 dropping 0.13%, Hong Kong&rsquo;s Hang Seng Index falling 0.67% and China&rsquo;s Shanghai Composite Index declining 0.64%. India&rsquo;s S&amp;P BSE Sensex fell 0.6%.
Japanese services PMI climbed to 54.2 in March versus a final reading of 54.0 in February, while manufacturing PMI rose to 48.6 from 47.7. The annual inflation rate in Japan eased to 3.3% in February compared to January&#39;s 41-year high level of 4.3%.
&nbsp; 
<h3>Economics</h3>
<ul>
<li>US durable goods orders fell 1% month-over-month in February versus a revised 5% drop in January.</li>
<li>The S&amp;P Global manufacturing PMI rose to 49.1 in March from 47.3 in the previous month, while services PMI climbed to 53.8 from 50.6 in January.</li>
<li>The S&amp;P Global composite PMI surged to 53.3 in March from 50.1 in the prior month.</li>
</ul>

Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/03/31490401/these-3-financial-stocks-delivering-high-dividend-yields-are-recommended-by-wall-streets"> These 3 Financial Stocks Delivering High-Dividend Yields Are Recommended By Wall Street&#39;s Most Accurate Analysts</a>
&nbsp; 
<h3>COVID-19 Update</h3>

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 106,082,750 cases with around 1,153,520 deaths. India confirmed a total of at least 44,700,660 cases and 530,810 deaths, while France reported over 39,735,270 COVID-19 cases with 165,450 deaths. In total, there were at least 683,084,700 cases of COVID-19 worldwide with more than 6,824,490 deaths.

U.S. stocks traded lower midway through trading, with the Dow Jones dropping around 80 points on Friday.
The Dow traded down 0.26% to 32,021.81 while the NASDAQ fell 0.41% to 11,739.58. The S&amp;P 500, also fell, dropping, 0.23% to 3,939.65.
Check This Out: <a href="https://www.benzinga.com/news/23/03/31490247/top-5-tech-stocks-that-may-fall-off-a-cliff-this-quarter"> Top 5 Tech Stocks That May Fall Off A Cliff This Quarter</a>
&nbsp; 
<h3>Leading and Lagging Sectors</h3>
<ul>
<li>Utilities shares rose by 1.7% on Friday. Meanwhile, top gainers in the <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> included ReNew Energy Global Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnw#NASDAQ">RNW</a>), up 18%, and Centrais El&eacute;tricas Brasileiras S.A. - Eletrobr&aacute;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ebr#NYSE">EBR</a>), up 4%.</li>
<li>In trading on Friday, financials shares fell by 1.1%.</li>
</ul>

&nbsp; 
<h3>Top Headline</h3>

The S&amp;P Global manufacturing PMI rose to 49.1 in March from 47.3 in the previous month, while services PMI climbed to 53.8 from 50.6 in January.
The S&amp;P Global composite PMI surged to 53.3 in March from 50.1 in the prior month.
&nbsp; 
<h3>Equities Trading UP</h3>
<ul>
<li>Silvergate Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/si#NYSE">SI</a>) shares shot up 72% to $1.9450 on rumor suggesting a crypto exchange is trying to buy Silvergate&#39;s trade processing technologies.</li>
<li>Shares of Torrid Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/curv#NYSE">CURV</a>) got a boost, shooting 17% to $2.7850 after the company reported Q4 results.</li>
<li>Vaccitech plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vacc#NASDAQ">VACC</a>) shares were also up, gaining 14% to $2.58 after the company reported better-than-expected FY22 sales results.</li>
</ul>

&nbsp;
Equities Trading DOWN
<ul>
<li>Allarity Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allr#NASDAQ">ALLR</a>) shares 34% to $0.0742 after the company announced a reverse stock split of its common stock.</li>
<li>Shares of Scholastic Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/schl#NASDAQ">SCHL</a>) were down 23% to $31.76 after the company said Q3 adjusted EPS and sales results were lower year over year.</li>
<li>Express, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/expr#NYSE">EXPR</a>) was down, falling 16% to $0.7139 after the company reported worse-than-expected Q4 sales results.</li>
</ul>

Also Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/03/31487103/this-delivery-giant-is-a-comeback-story-plus-nike-abbvie-and-oracle-cnbcs-final-trades"> This Delivery Giant Is A &#39;Comeback Story&#39; Plus Nike, AbbVie And Oracle: CNBC&#39;s &#39;Final Trades&#39;</a>
&nbsp; 
<h3>Commodities</h3>

In commodity news, oil traded down 1.2% to $69.14 while gold traded down 0.2% at $1,992.90.
Silver traded up 0.6% to $23.395 on Friday while copper fell 1.1% to $4.0785.
&nbsp;
Euro zone
European shares were lower today. The eurozone&rsquo;s STOXX 600 fell 1.54%, London&rsquo;s FTSE 100 fell 1.33% while Spain&rsquo;s IBEX 35 Index tumbled 2.3%. The German DAX declined 1.9%, French CAC 40 dipped 1.87% and Italy&rsquo;s FTSE MIB Index fell 2.12%.
The S&amp;P Global Eurozone manufacturing PMI dropped to 47.1 in March versus a reading of 48.5 in February, while services PMI climbed to 55.6 from 52.7. The S&amp;P Global German composite PMI climbed to 52.6 in March from 50.7 in the prior month, while French composite PMI jumped to 54 from 51.7.
The S&amp;P Global/CIPS UK services PMI fell to 52.8 in March from 53.5 in February, while manufacturing PMI slipped to 48 from 49.3. Retail sales in the UK increased 1.2% month-over-month in February. Spanish gross domestic product grew by 0.2% quarter-over-quarter during the last three months of 2022.
&nbsp;
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan&rsquo;s Nikkei 225 dropping 0.13%, Hong Kong&rsquo;s Hang Seng Index falling 0.67% and China&rsquo;s Shanghai Composite Index declining 0.64%. India&rsquo;s S&amp;P BSE Sensex fell 0.6%.
Japanese services PMI climbed to 54.2 in March versus a final reading of 54.0 in February, while manufacturing PMI rose to 48.6 from 47.7. The annual inflation rate in Japan eased to 3.3% in February compared to January&#39;s 41-year high level of 4.3%.
&nbsp;
Economics
<ul>
<li>US durable goods orders fell 1% month-over-month in February versus a revised 5% drop in January.</li>
<li>The S&amp;P Global manufacturing PMI rose to 49.1 in March from 47.3 in the previous month, while services PMI climbed to 53.8 from 50.6 in January.</li>
<li>The S&amp;P Global composite PMI surged to 53.3 in March from 50.1 in the prior month.</li>
</ul>

Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/03/31490401/these-3-financial-stocks-delivering-high-dividend-yields-are-recommended-by-wall-streets"> These 3 Financial Stocks Delivering High-Dividend Yields Are Recommended By Wall Street&#39;s Most Accurate Analysts </a>
&nbsp; 
<h3>COVID-19 Update</h3>

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 106,082,750 cases with around 1,153,520 deaths. India confirmed a total of at least 44,700,660 cases and 530,810 deaths, while France reported over 39,735,270 COVID-19 cases with 165,450 deaths. In total, there were at least 683,084,700 cases of COVID-19 worldwide with more than 6,824,490 deaths.

EXPR

VACC

Crude Oil Down 1%; US Composite PMI Jumps In March

U.S. stocks traded lower toward the end of trading, with the Dow Jones&nbsp;dropping over 400 points on Wednesday.
The Dow traded down 1.32% to 31,732.39 while the NASDAQ fell 0.24% to 11,400.70. The S&amp;P 500, also fell, dropping, 1.11% to 3,875.80.
Check This Out: <a href="https://www.benzinga.com/news/23/03/31359536/top-4-industrials-stocks-that-may-plunge"> Top 4 Industrials Stocks That May Plunge</a>
&nbsp; 
<h3>Leading and Lagging Sectors</h3>
<ul>
<li>Utilities shares rose by 0.8% on Wednesday. Meanwhile, top gainers in the <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> included Genie Energy Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gne#NYSE">GNE</a>), up 4%, and Centrais El&eacute;tricas Brasileiras S.A. - Eletrobr&aacute;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ebr#NYSE">EBR</a>), up 3%.</li>
<li>In trading on Wednesday, energy shares tumbled by 5.8%.</li>
</ul>

&nbsp; 
<h3>Top Headline</h3>

Producer prices for final demand declined 0.1% month-over-month in February versus market estimates of a 0.3% growth.
&nbsp; 
<h3>Equities Trading UP</h3>
<ul>
<li>ThermoGenesis Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thmo#NASDAQ">THMO</a>) shares shot up 85% to $3.90 after the company announced the roll out of ReadyStart cGMP Suites for early-stage cell and gene-therapy companies.</li>
<li>Shares of Jounce Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jnce#NASDAQ">JNCE</a>) got a boost, shooting 37% to $1.4511 after the company confirmed receipt of unsolicited proposal from Concentra Biosciences to acquire 100% of the company.</li>
<li>Smartsheet Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smar#NYSE">SMAR</a>) shares were also up, gaining 16% to $44.58 after the company reported better-than-expected Q4 results and issued strong EPS guidance.</li>
</ul>

&nbsp; 
<h3>Equities Trading DOWN</h3>
<ul>
<li>Bellicum Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blcm#NASDAQ">BLCM</a>) shares tumbled 47% to $0.4518 after the company discontinued Phase 1/2 trials and initiated an evaluation of strategic alternatives.</li>
<li>Shares of American Public Education, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apei#NASDAQ">APEI</a>) were down 48% to $4.82 after the company posted downbeat Q4 results.</li>
<li>Casa Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/casa#NASDAQ">CASA</a>) was down, falling 46% to $1.8950 after the company reported Q4 results and said Jerry Guo will retire as President and CEO.</li>
</ul>

Also Check This Out: <a href="https://www.benzinga.com/news/23/03/31359757/insiders-selling-micron-keycorp-and-2-other-stocks"> Insiders Selling Micron, KeyCorp And 2 Other Stocks</a>
&nbsp; 
<h3>Commodities</h3>

In commodity news, oil traded down 6.3% to $66.83 while gold traded up 1.1% at $1,931.20.
Silver traded down 0.3% to $21.985 on Wednesday while copper fell 3% to $3.8840.
&nbsp; 
<h3>Euro zone</h3>

European shares were lower today. The eurozone&rsquo;s STOXX 600 dipped 2.92%, London&rsquo;s FTSE 100 fell 3.83% while Spain&rsquo;s IBEX 35 Index fell 3.64%. The German DAX tumbled 3.27% French CAC 40 dropped 3.58% and Italy&rsquo;s FTSE MIB Index declined 4.61%.
Industrial production in the Eurozone climbed by 0.7% from a month ago in January, versus a revised 1.3% drop in December. The annual inflation rate in France accelerated to 6.3% in February from 6% in the previous month. The wholesale price inflation in Germany fell for a fifth straight month to 8.9% year-over-year in February from 10.6% in the prior month.
&nbsp; 
<h3>Asia Pacific Markets</h3>

Asian markets closed mostly higher on Wednesday, with Japan&rsquo;s Nikkei 225 gaining 0.03%, Hong Kong&rsquo;s Hang Seng Index gaining 1.52% and China&rsquo;s Shanghai Composite Index climbing 0.55%. India&rsquo;s S&amp;P BSE Sensex fell 0.59%.
Indian merchandise trade deficit shrank to $17.43 billion in February from $18.75 billion in the year-ago month. Chinese retail trade rose 3.5% from the previous year for January-February 2023, while industrial production rose 2.4% year-over-year in January-February 2023 combined.
&nbsp; 
<h3>Economics</h3>
<ul>
<li>Mortgage applications in the US rose 6.5% in the week ended March 10, 2023, following a 7.4% increase in the prior week.</li>
<li>Retail sales in the US dropped 0.4% month-over-month in February versus a revised 3.2% increase in January.</li>
<li>Producer prices for final demand declined 0.1% month-over-month in February versus market estimates of a 0.3% growth.</li>
<li>The NY Empire State Manufacturing Index fell to -24.6 in March from -5.8 a month ago.</li>
<li>The NAHB/Wells Fargo Housing Market index rose for a third month to a reading of 44 in March, reaching a new high since Sept. 2022.</li>
<li>US business inventories declined 0.1% from a month ago in January.</li>
<li>US crude oil inventories increased by 1.55 million barrels in the week ended March 10, higher than market estimates of a 1.188 million gain, the US Energy Information Administration said.</li>
</ul>

Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/03/31359128/wall-streets-most-accurate-analysts-say-buy-these-3-materials-stocks-delivering-high-div"> Wall Street&#39;s Most Accurate Analysts Say Buy These 3 Materials Stocks Delivering High-Dividend Yields</a>
&nbsp; 
<h3>COVID-19 Update</h3>

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 105,665,980 cases with around 1,149,250 deaths. India confirmed a total of at least 44,691,950 cases and 530,780 deaths, while France reported over 39,667,100 COVID-19 cases with 165,240 deaths. In total, there were at least 681,803,360 cases of COVID-19 worldwide with more than 6,813,560 deaths.

APEI

BLCM

CASA

JNCE

SMAR

THMO

S&P 500 Down Over 1%; ThermoGenesis Shares Spike Higher

<h1>&nbsp;</h1>
Tuesday&#39;s morning session saw 84 companies set new 52-week lows.
<h2>Things to Consider About Today&#39;s 52-Week Lows:</h2>
<ul>
<li>The largest company by market cap to set a new 52-week low was CVS Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>).</li>
<li>ThermoGenesis Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THMO#NASDAQ">THMO</a>) was the smallest firm by market cap to set a new 52-week low.</li>
<li>Oportun Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRT#NASDAQ">OPRT</a>) shares dropped the most, trading down 28.16% to reach its new 52-week low.</li>
<li>Sigmatron International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMA#NASDAQ">SGMA</a>) was the biggest winner of the bunch, with shares actually trading up 0.01% after it rebounded from its new 52-week low.</li>
</ul>
Here is a list of stocks that set new 52-week lows on Tuesday:
<ul>
<li>CVS Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) shares fell to $75.85 on Tuesday, setting a new 52-week low with a shift of up 0.14%.</li>
<li>Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) stock hit a new 52-week low of $3.61. The stock was up 0.34% on the session.</li>
<li>Centrais Eletricas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBR#NYSE">EBR</a>) stock hit a new 52-week low of $5.97. The stock was up 0.66% on the session.</li>
<li>Boston Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXP#NYSE">BXP</a>) shares set a new yearly low of $55.25 this morning. The stock was up 0.67% on the session.</li>
<li>Advance Auto Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) stock achieved a new 52-week low on Tuesday morning, hitting $122.97 and moving down 0.85%.</li>
<li>KT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KT#NYSE">KT</a>) stock broke to a new 52-week low of $11.24 on Tuesday. Shares of the company traded down 0.22%.</li>
<li>Organon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGN#NYSE">OGN</a>) shares hit a yearly low of $22.15. The stock was up 0.04% on the session.</li>
<li>Amedisys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMED#NASDAQ">AMED</a>) shares set a new yearly low of $77.39 this morning. The stock was down 4.37% on the session.</li>
<li>Kohl&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) shares set a new 52-week low of $22.12. The stock traded down 2.06%.</li>
<li>Inter &amp; Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTR#NASDAQ">INTR</a>) shares fell to $1.67 on Tuesday, setting a new 52-week low with a shift of down 3.43%.</li>
<li>Genesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) stock dropped to a yearly low on Tuesday of $36.60. Shares traded down 1.26%.</li>
<li>VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) stock broke to a new 52-week low of $2.90 on Tuesday. Shares of the company traded up 2.81%.</li>
<li>Ioneer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONR#NASDAQ">IONR</a>) stock hit a yearly low of $7.88. The stock was down 5.61% for the day.</li>
<li>Benson Hill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHIL#NYSE">BHIL</a>) shares made a new 52-week low of $1.65 on Tuesday. The stock was down 7.3% for the day.</li>
<li>Esperion Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESPR#NASDAQ">ESPR</a>) shares reached a new 52-week low of $4.10 on Tuesday morning, moving down 2.7%.</li>
<li>Cara Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARA#NASDAQ">CARA</a>) shares hit a yearly low of $5.78. The stock was up 0.86% on the session.</li>
<li>Douglas Elliman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOUG#NYSE">DOUG</a>) shares reached a new 52-week low of $3.18 on Tuesday morning, moving up 0.31%.</li>
<li>Torrid Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) stock achieved a new 52-week low on Tuesday morning, hitting $2.39 and moving down 4.3%.</li>
<li>Grindrod Shipping Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRIN#NASDAQ">GRIN</a>) stock hit a yearly low of $12.66. The stock was down 0.12% for the day.</li>
<li>Nektar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTR#NASDAQ">NKTR</a>) stock broke to a new 52-week low of $1.15 on Tuesday. Shares of the company traded down 1.25%.</li>
<li>Amneal Pharmaceuticals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMRX#NYSE">AMRX</a>) shares moved down 4.08% on Tuesday to hit a new 52-week low of $1.40, drifting down 4.08%.</li>
<li>Morgan Stanley India (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIF#NYSE">IIF</a>) stock hit a yearly low of $19.41. The stock was down 0.02% for the day.</li>
<li>ADC Therapeutics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADCT#NYSE">ADCT</a>) shares hit a yearly low of $2.45. The stock was down 1.77% on the session.</li>
<li>ATAI Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAI#NASDAQ">ATAI</a>) shares moved down 3.2% on Tuesday to hit a new 52-week low of $1.20, drifting down 3.2%.</li>
<li>Investar Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISTR#NASDAQ">ISTR</a>) shares fell to $16.49 on Tuesday, setting a new 52-week low with a shift of up 0.06%.</li>
<li>1stdibs.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIBS#NASDAQ">DIBS</a>) stock hit $3.96 on Tuesday morning, setting a new 52-week low for a change of down 0.86%.</li>
<li>Dragonfly Energy Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFLI#NASDAQ">DFLI</a>) shares made a new 52-week low of $3.21 on Tuesday. The stock was down 8.03% for the day.</li>
<li>Nuveen Arizona Quality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAZ#NYSE">NAZ</a>) stock hit a yearly low of $11.07. The stock was down 0.51% for the day.</li>
<li>Turtle Beach (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEAR#NASDAQ">HEAR</a>) stock achieved a new 52-week low on Tuesday morning, hitting $6.17 and moving down 3.06%.</li>
<li>Precision BioSciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTIL#NASDAQ">DTIL</a>) stock hit $0.86 on Tuesday morning, setting a new 52-week low for a change of down 2.39%.</li>
<li>Oportun Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRT#NASDAQ">OPRT</a>) stock set a new 52-week low of $2.90 on Tuesday, moving down 28.16%.</li>
<li>Movella Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVLA#NASDAQ">MVLA</a>) stock set a new 52-week low of $1.62 on Tuesday, moving down 2.37%.</li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) stock drifted down 1.65% on Tuesday morning to hit a new 52-week low of $0.45.</li>
<li>Sarcos Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRC#NASDAQ">STRC</a>) stock hit a yearly low of $0.49. The stock was down 0.51% for the day.</li>
<li>Theratechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THTX#NASDAQ">THTX</a>) stock drifted up 5.4% on Tuesday morning to hit a new 52-week low of $0.70.</li>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) stock hit $3.12 on Tuesday morning, setting a new 52-week low for a change of down 0.31%.</li>
<li>Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) shares set a new 52-week low of $0.56. The stock traded down 3.33%.</li>
<li>Portage Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) shares moved down 1.96% on Tuesday to hit a new 52-week low of $2.98, drifting down 1.96%.</li>
<li>Local Bounti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOCL#NYSE">LOCL</a>) stock dropped to a yearly low on Tuesday of $0.42. Shares traded down 3.75%.</li>
<li>VirTra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTSI#NASDAQ">VTSI</a>) shares moved up 1.99% on Tuesday to hit a new 52-week low of $4.00, drifting up 1.99%.</li>
<li>RF Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RFIL#NASDAQ">RFIL</a>) shares fell to $4.14 on Tuesday, setting a new 52-week low with a shift of down 7.89%.</li>
<li>Energous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WATT#NASDAQ">WATT</a>) shares were down 2.33% for the day, having made a 52-week low of $0.51.</li>
<li>ReWalk Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RWLK#NASDAQ">RWLK</a>) shares made a new 52-week low of $0.68 on Tuesday. The stock was down 4.11% for the day.</li>
<li>MultiMetaVerse Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) shares were down 4.1% for the day, having made a 52-week low of $1.15.</li>
<li>P3 Health Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIII#NASDAQ">PIII</a>) shares set a new 52-week low of $0.88. The stock traded down 5.02%.</li>
<li>BM Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMTX#AMEX">BMTX</a>) shares hit a yearly low of $2.82. The stock was down 3.38% on the session.</li>
<li>Toro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TORO#NASDAQ">TORO</a>) shares were down 13.94% for the day, having made a 52-week low of $3.30.</li>
<li>Science 37 Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCE#NASDAQ">SNCE</a>) stock set a new 52-week low of $0.21 on Tuesday, moving up 6.78%.</li>
<li>Atento (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATTO#NYSE">ATTO</a>) stock dropped to a yearly low on Tuesday of $1.81. Shares traded down 7.04%.</li>
<li>Nogin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOGN#NASDAQ">NOGN</a>) shares were down 2.63% for the day, having made a 52-week low of $0.36.</li>
<li>Adamas One (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JEWL#NASDAQ">JEWL</a>) stock hit a yearly low of $1.10. The stock was up 1.76% for the day.</li>
<li>Impel Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMPL#NASDAQ">IMPL</a>) shares made a new 52-week low of $0.96 on Tuesday. The stock was down 7.48% for the day.</li>
<li>Lucy Scientific Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSDI#NASDAQ">LSDI</a>) shares reached a new 52-week low of $1.24 on Tuesday morning, moving down 7.3%.</li>
<li>Sigmatron International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMA#NASDAQ">SGMA</a>) shares fell to $3.34 on Tuesday, setting a new 52-week low with a shift of up 0.01%.</li>
<li>Akari Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTX#NASDAQ">AKTX</a>) stock dropped to a yearly low on Tuesday of $0.27. Shares traded down 6.21%.</li>
<li>Ryvyl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVYL#NASDAQ">RVYL</a>) stock drifted down 4.63% on Tuesday morning to hit a new 52-week low of $0.38.</li>
<li>Sonnet BioTherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONN#NASDAQ">SONN</a>) stock broke to a new 52-week low of $0.59 on Tuesday. Shares of the company traded down 3.73%.</li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) shares set a new yearly low of $0.87 this morning. The stock was up 1.28% on the session.</li>
<li>Aridis Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARDS#NASDAQ">ARDS</a>) stock dropped to a yearly low on Tuesday of $0.35. Shares traded down 23.89%.</li>
<li>Digital Ally (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) stock hit $3.90 on Tuesday morning, setting a new 52-week low for a change of down 1.02%.</li>
<li>Fresh Vine Wine (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/VINE#AMEX">VINE</a>) shares set a new 52-week low of $0.72. The stock traded down 1.08%.</li>
<li>Jupiter Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JUPW#NASDAQ">JUPW</a>) shares made a new 52-week low of $0.31 on Tuesday. The stock was down 4.29% for the day.</li>
<li>AcelRx Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACRX#NASDAQ">ACRX</a>) shares hit a yearly low of $0.89. The stock was down 15.95% on the session.</li>
<li>Biocept (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOC#NASDAQ">BIOC</a>) stock hit a new 52-week low of $0.38. The stock was down 1.48% on the session.</li>
<li>NextPlay Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTP#NASDAQ">NXTP</a>) shares were down 9.25% for the day, having made a 52-week low of $0.98.</li>
<li>Nuwellis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) stock hit a new 52-week low of $4.61. The stock was down 1.78% on the session.</li>
<li>NanoVibronix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAOV#NASDAQ">NAOV</a>) stock dropped to a yearly low on Tuesday of $2.94. Shares traded up 14.29%.</li>
<li>IMAC Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BACK#NASDAQ">BACK</a>) shares fell to $0.15 on Tuesday, setting a new 52-week low with a shift of up 5.2%.</li>
<li>ComSovereign Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMS#NASDAQ">COMS</a>) shares set a new 52-week low of $1.89. The stock traded down 5.24%.</li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares reached a new 52-week low of $3.52 on Tuesday morning, moving down 0.27%.</li>
<li>Allarity Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLR#NASDAQ">ALLR</a>) shares fell to $0.13 on Tuesday, setting a new 52-week low with a shift of down 4.74%.</li>
<li>Windtree Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WINT#NASDAQ">WINT</a>) shares hit a yearly low of $4.28. The stock was down 0.68% on the session.</li>
<li>Aspen Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPU#NASDAQ">ASPU</a>) shares reached a new 52-week low of $0.11 on Tuesday morning, moving down 21.18%.</li>
<li>LogicMark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGMK#NASDAQ">LGMK</a>) shares reached a new 52-week low of $0.13 on Tuesday morning, moving up 5.87%.</li>
<li>Petros Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTPI#NASDAQ">PTPI</a>) stock hit a new 52-week low of $1.51. The stock was down 3.7% on the session.</li>
<li>First Wave BioPharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWBI#NASDAQ">FWBI</a>) stock broke to a new 52-week low of $2.76 on Tuesday. Shares of the company traded down 6.17%.</li>
<li>Mobiquity Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBQ#NASDAQ">MOBQ</a>) shares reached a new 52-week low of $0.19 on Tuesday morning, moving down 7.24%.</li>
<li>ThermoGenesis Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THMO#NASDAQ">THMO</a>) shares hit a yearly low of $2.11. The stock was up 1.35% on the session.</li>
</ul>
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Options

ACRX

ADCT

AKTX

AMED

AMRX

ARDS

ASPU

ATAI

ATTO

BACK

BHIL

BIOC

BMTX

CARA

COMS

CSSE

DFLI

DGLY

DIBS

DOUG

DTIL

ESPR

FWBI

Grindrod Shipping Holdings Ltd Ordinary Shares

GRIN

HEAR

IMPL

INTR

IONR

ISTR

JEWL

JUPW

LGMK

LIDR

LOCL

LSDI

Eaton Vance Massachusetts Municipal Income Trust

MOBQ

MVLA

NAOV

NKTR

NOGN

NUWE

NXTP

OPRT

PIII

PRTG

PTPI

RELI

RFIL

RVYL

RWLK

SGBX

SGMA

SIRI

SNCE

SONN

STRC

THTX

TORO

VINE

VNET

VTSI

WATT

WINT

Stocks That Hit 52-Week Lows On Tuesday

Shares of Brazilian companies are trading higher. Strength is possibly in sympathy with Gol, which gained following Q4 earnings and amid a rebound following Tuesday's weakness in stocks.

<h1>&nbsp;</h1>
On Monday, 36 companies set new 52-week lows.
<h2>Noteworthy Mentions In Today&#39;s 52-Week Lows:</h2>
<ul>
<li>The largest company by market cap to hit a new 52-week low was Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>).</li>
<li>The smallest company by market cap to set a new 52-week low was Altamira Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTO#NASDAQ">CYTO</a>).</li>
<li>China Pharma Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CPHI#AMEX">CPHI</a>) saw the most significant move of the companies, as shares traded down 871.52% to reach its new 52-week low.</li>
<li>VEON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEON#NASDAQ">VEON</a>) shares rebounded the highest, with shares trading up 0.0%, bouncing back after reaching its new 52-week low.</li>
</ul>
Stocks dropping to new 52-week lows on Monday:
<ul>
<li>Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) shares fell to $4.20 on Monday, setting a new 52-week low with a shift of down 0.35%.</li>
<li>Centrais Eletricas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBR#NYSE">EBR</a>) shares hit a yearly low of $6.26. The stock was down 1.1% on the session.</li>
<li>Cosan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSAN#NYSE">CSAN</a>) stock achieved a new 52-week low on Monday morning, hitting $11.14 and moving up 0.09%.</li>
<li>Equity Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQC#NYSE">EQC</a>) shares were down 0.12% for the day, having made a 52-week low of $20.53.</li>
<li>VEON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEON#NASDAQ">VEON</a>) stock broke to a new 52-week low of $0.68 on Monday. Shares of the company traded 0.0% (flat).</li>
<li>National Healthcare (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NHC#AMEX">NHC</a>) shares hit a yearly low of $54.76. The stock was up 0.16% on the session.</li>
<li>Aclaris Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACRS#NASDAQ">ACRS</a>) stock hit a yearly low of $5.77. The stock was down 52.03% for the day.</li>
<li>Greystone Housing Impact (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHI#NYSE">GHI</a>) shares reached a new 52-week low of $17.05 on Monday morning, moving down 2.4%.</li>
<li>Guaranty Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTY#NASDAQ">GNTY</a>) shares set a new 52-week low of $30.51. The stock traded down 0.88%.</li>
<li>Surmodics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRDX#NASDAQ">SRDX</a>) shares set a new 52-week low of $19.77. The stock traded down 4.73%.</li>
<li>Bright Health Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHG#NYSE">BHG</a>) shares reached a new 52-week low of $0.43 on Monday morning, moving down 0.04%.</li>
<li>Amneal Pharmaceuticals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMRX#NYSE">AMRX</a>) shares moved down 3.65% on Monday to hit a new 52-week low of $1.81, drifting down 3.65%.</li>
<li>enCore Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EU#AMEX">EU</a>) shares fell to $2.20 on Monday, setting a new 52-week low with a shift of down 1.32%.</li>
<li>Franklin Street Props (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FSP#AMEX">FSP</a>) stock hit $2.19 on Monday morning, setting a new 52-week low for a change of down 3.31%.</li>
<li>Kinnate Biopharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNTE#NASDAQ">KNTE</a>) shares were down 4.7% for the day, having made a 52-week low of $4.71.</li>
<li>Aadi Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AADI#NASDAQ">AADI</a>) stock achieved a new 52-week low on Monday morning, hitting $8.89 and moving down 3.97%.</li>
<li>Azure Power Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZRE#NYSE">AZRE</a>) shares were down 12.46% for the day, having made a 52-week low of $2.66.</li>
<li>Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) stock drifted down 2.51% on Monday morning to hit a new 52-week low of $11.53.</li>
<li>Cepton (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPTN#NASDAQ">CPTN</a>) shares set a new 52-week low of $0.86. The stock traded down 7.63%.</li>
<li>Intercure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCR#NASDAQ">INCR</a>) shares were down 6.32% for the day, having made a 52-week low of $2.37.</li>
<li>Solid Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLDB#NASDAQ">SLDB</a>) shares reached a new 52-week low of $5.14 on Monday morning, moving down 1.7%.</li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) stock set a new 52-week low of $1.00 on Monday, moving down 12.5%.</li>
<li>Evaxion Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVAX#NASDAQ">EVAX</a>) stock broke to a new 52-week low of $1.18 on Monday. Shares of the company traded down 6.79%.</li>
<li>China Pharma Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CPHI#AMEX">CPHI</a>) shares hit a yearly low of $0.57. The stock was up 871.52% on the session.</li>
<li>CN Energy Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNEY#NASDAQ">CNEY</a>) shares reached a new 52-week low of $0.28 on Monday morning, moving down 1.99%.</li>
<li>Inpixon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INPX#NASDAQ">INPX</a>) stock hit a yearly low of $0.81. The stock was down 7.34% for the day.</li>
<li>Jupiter Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JUPW#NASDAQ">JUPW</a>) stock hit a yearly low of $0.41. The stock was down 1.7% for the day.</li>
<li>Aptorum Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APM#NASDAQ">APM</a>) stock dropped to a yearly low on Monday of $3.08. Shares traded down 12.25%.</li>
<li>Rubius Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUBY#NASDAQ">RUBY</a>) stock set a new 52-week low of $0.09 on Monday, moving down 22.26%.</li>
<li>Panbela Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBLA#NASDAQ">PBLA</a>) shares made a new 52-week low of $0.89 on Monday. The stock was down 2.42% for the day.</li>
<li>Petros Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTPI#NASDAQ">PTPI</a>) stock broke to a new 52-week low of $1.71 on Monday. Shares of the company traded up 3.26%.</li>
<li>Kalera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAL#NASDAQ">KAL</a>) shares reached a new 52-week low of $4.10 on Monday morning, moving down 2.79%.</li>
<li>Altamira Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTO#NASDAQ">CYTO</a>) shares hit a yearly low of $2.03. The stock was down 13.11% on the session.</li>
</ul>
Be sure to stay with Benzinga for further updates and market-moving news. And if you want to be among the first to know about the 52-week highs and lows for the day, check out Benzinga Pro. Users receive a daily alert listing stocks trading near 52-week highs and lows each morning. <a href="https://pro.benzinga.com/?afmc=2a&amp;utm_source=benzinga.com&amp;utm_medium=web&amp;utm_campaign=premium_products">Click here to learn more</a>.

AADI

ACRS

AWIN

AZRE

CNEY

CPHI

CPTN

CSAN

CYTO

EVAX

GNTY

INCR

INPX

KNTE

PBLA

RUBY

SLDB

SRDX

UEIC

VEON

Stocks That Hit 52-Week Lows On Monday

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30.</a>
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Kenon Holdings Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ken#NYSE">KEN</a>)</h3>
<ul>
<li>Kenon&#39;s subsidiary OPC Energy Ltd. announced an agreement by CPV, a subsidiary of OPC, to acquire Wind Energy Power Plants in the U.S. for $172 million. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/KEN">52-week low of $26.91 </a>.</li>
<li>RSI Value: 27.36</li>
<li>KEN Price Action: Shares of Kenon Holdings gained 0.6% to close at $27.29 on Friday.</li>
</ul>
<h3>OGE Energy Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oge#NYSE">OGE</a>)</h3>
<ul>
<li>OGE Energy posted upbeat earnings for the fourth quarter. &quot;Continued economic growth in our communities combined with outstanding execution by our employees delivered solid financial results in 2022,&quot; said Sean Trauschke, OGE Energy Corp. Chairman, President and CEO. The company&rsquo;s <a href="https://www.benzinga.com/quote/OGE"> stock has a 52-week low </a> of $33.28.</li>
<li>RSI Value: 29.52</li>
<li>OGE Price Action: Shares of OGE Energy gained 0.5% to close at $35.80 on Friday.</li>
</ul>
<h3>Middlesex Water Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msex#NASDAQ">MSEX</a>)</h3>
<ul>
<li>Middlesex Water posted weaker-than-expected quarterly earnings. Middlesex Chairman, President and Chief Executive Officer Dennis W. Doll said, &ldquo;We increased our dividend 7.76% in the third quarter of 2022 representing our 50th consecutive year of dividend increases. These achievements plus our ongoing commitment to training and development and solid governance practices help to ensure we have the people, business processes and overall operations excellence to continue delivering quality service to our customers and value for our shareholders.&rdquo; The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/MSEX"> low of $74.20.</a></li>
<li>RSI Value: 28.63</li>
<li>MSEX Price Action: Shares of Middlesex Water fell 1.1% to close at $75.93 on Thursday.</li>
</ul>
<h3>Essential Utilities, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wtrg#NASDAQ">WTRG</a>)</h3>
<ul>
<li>Essential Utilities posted<a href="https://www.benzinga.com/quote/WTRG"> downbeat </a> quarterly earnings. &quot;During a year that included rising interest rates, inflation and supply chain challenges, we upheld our long tradition of operational excellence, strong growth, and record investment in infrastructure, leading to improved quality, safety, and reliability for the communities we serve,&quot; said Essential Chairman and Chief Executive Officer Christopher Franklin. The company&rsquo;s 52-week low is $38.50.</li>
<li>RSI Value: 23.71</li>
<li>WTRG Price Action: Shares of Essential Utilities fell 1.2% to close at $42.01 on Friday.</li>
</ul>
<h3>Centrais El&eacute;tricas Brasileiras S.A. - Eletrobr&aacute;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ebr#NYSE">EBR</a>)</h3>
<ul>
<li>The company&rsquo;s stock dropped 14% over the past month. The company <a href="https://www.benzinga.com/quote/EBR"> has a 52-week low </a> of $6.34.</li>
<li>RSI Value: 26.56</li>
<li>EBR Price Action: Shares of Eletrobr&aacute;s fell 0.9% to close at $6.37 on Friday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/23/03/31192039/insiders-selling-sunrun-applied-materials-and-2-other-stocks"> Insiders Selling Sunrun, Applied Materials And 2 Other Stocks </a>

Long Ideas

MSEX

Top 5 Utilities Stocks That Could Blast Off In March

Shares of Brazilian companies are trading lower amid the beginning of Lula's presidential term. Lula has taken steps to withdraw the privatization process for multiple state-owned companies.

If history is any guide, there may be trouble ahead for shares of Centrais Eletricas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBR#NYSE">EBR</a>). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
What To Know: Many traders use moving average crossover systems to make their decisions.
When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.
Why It's Important: The 50-day and the 200-day simple moving averages are commonly used. 
The death cross occurs when the 50-day moves below the 200-day. This could mean the long-term trend is changing.
That just happened with Centrais Eletricas, which is trading around $7.52 at publication time.
<img src="https://www.benzinga.com/files/images/story/2023/1672757212_0.png" alt="signals" />
Remember: Seasoned investors don't blindly trade Death Crosses.
Instead, they use it as a signal to start looking for short positions based on other factors, like price levels and company fundamentals &amp; events.
For seasoned investors, this is just a sign that it might be time to start considering possible short positions.
[TABLE]
Do you use the Death Cross signal in your trading or investing? Share this article with a friend if you found it helpful!
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

Death Cross Looms Over Centrais Eletricas Investors

Shares of several Brazilian stocks are trading higher after Brazil's Supreme Court granted an injunction that will allow the country to extend welfare payments for low-income Brazilians.

American Electric Power Company, Inc. - Common Stock

American Electric Power

Constellation Energy Corporation - Common Stock

Constellation Energy

Comp En De Mn Cemig ADS American Depositary Shares

Cia Energetica DE Minas

Comp En De Mn Cemig ADS American Depositary Receipts

Duke Energy Corporation (Holding Company) Common Stock

Duke Energy

Edison Intl

Companhia Paranaense de Energia (COPEL) American Depositary Shares (each representing one Unit consisting one Common Share and four non-voting Class B Preferred Shares)

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