0 Members and 1 Guest are viewing this topic.
JG Wentworth Co (The) (JGW) established a new 52-week low yesterday, and could be a company to watch at the open. After opening at $0.71, JG Wentworth Co (The) dropped to $0.68 for a new 52-week low. By the closing bell, the company's stock was at $0.68 a share for a loss of 2.79%.Falling to a new 52-week low is never fun for company's shareholder, but, depending on who you ask, it can be either a buy or a sell signal. Someone bearish on the stock might see it reaching its lowest price in a year as a sign of growing downward momentum and make sure they sell their shares. Bulls, though, are more likely to see a new 52-week low as the stock hitting its low point and anticipate a bounce in the share price.However one plays it, it's often a critical moment for any stock and should be noted by investors.
