Identifying Oversold Stocks in the Financial Sector: Investment Opportunities

Traders seeking undervalued companies should consider the most oversold stocks in the financial sector. These assets may present potential buying opportunities as they exhibit signs of being oversold.

The Relative Strength Indicator (RSI) serves as a momentum tool, measuring a stock’s price strength on up days against down days. When compared with price movements, the RSI can provide insights into a stock’s short-term performance. Generally, a stock is deemed oversold when its RSI falls below 30, according to Benzinga Pro.

Below is the latest list of significant oversold stocks within the financial sector, with RSIs near or below 30.

Payoneer Global Inc PAYO

• On February 27, Payoneer Global announced disappointing fourth-quarter EPS results, prompting a roughly 29% decline in the company’s stock over the past month. The stock has reached a 52-week low of $4.22.
• RSI Value: 28.9
• PAYO Price Action: On Tuesday, shares of Payoneer Global increased by 0.3%, closing at $7.06.
• Benzinga Pro’s real-time newsfeed has kept investors updated with the latest information on PAYO.

KKR & Co Inc KKR

• On March 5, KKR announced it had signed definitive agreements to sell the Japanese supermarket chain Seiyu to Trial Holdings, Inc. for 380 billion yen (approximately $2.5 billion). The stock has declined about 21% this past month, with a 52-week low of $91.92.
• RSI Value: 27.8
• KKR Price Action: Shares of KKR gained 3.6% on Tuesday, closing at $112.11.
• Benzinga Pro’s charting tool has been instrumental in tracking the trends related to KKR stock.

Piper Sandler Companies PIPR

• On March 11, Piper Sandler expanded its research distribution with a new office opening in Zurich. Over the past month, the stock has declined around 18%, showing a 52-week low of $183.58.
• RSI Value: 29.6
• PIPR Price Action: On Tuesday, Piper Sandler shares rose by 3.1% to close at $250.49.
• Benzinga Pro’s signals feature highlighted a potential breakout in PIPR stock.

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