SPCX, IBM, and BSX stocks hit 52-week lows due to profit-taking, weak earnings, and sector concerns. SpaceX dipped below its IPO price amid cooling sentiment and AI spending worries. IBM slumped after missing Q2 revenue expectations, prompting analyst downgrades. Boston Scientific fell on MedTech industry weakness but recovered slightly, with analysts citing a mixed sector outlook despite stable demand.
SpaceX, IBM and Boston Scientific fell to 52-week lows on Wednesday as Wall Street concerns and profit-taking sent the stocks lower.