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Tuesday’s trading saw 60 stocks on the NYSE hit new 52-week lows, while 195 on the Nasdaq did the same. With President Trump in Davos today to speak at the World Economic Forum, investors are likely to be quick on the sell button.
Among the 195 Nasdaq stocks hitting new 52-week lows, Adobe (ADBE) and Intuit (INTU) were both on the list. The former finished the day down 33.5% over the past 12 months, while the latter is off by 13.2%.