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Will Ashworth

These 2 Stocks Hitting 52-Week Lows Look Enticing

Paramount Global PYPL Lisa Ellis Para PayPal Holdings

I happened to read Riley Rosebee’s Popularity & Price newsletter on Sunday. The newsletter focuses on the relationship between a stock’s popularity and share price. It’s an interesting read.

The Sunday post discussed how 33 stocks hit new 52-week highs on Friday compared to 150 new lows. Further, in the previous five days of trading, the tech sector, represented by the Technology Select Sector SPDR Fund (XLK), led the way, hitting new 52-week highs on 12 occasions during the week, while the Health Care Select Sector SPDR Fund (XLV) hit new lows 52 times.

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