The Top Oversold Consumer Staples Stocks You Might Want to Consider
Consumer staples stocks that are currently undervalued may offer potential buying opportunities.
The Relative Strength Index (RSI) is a key indicator that assesses a stock’s recent performance. It compares how often a stock rises versus how often it falls. Generally, a stock is labeled as oversold when its RSI dips below 30, according to Benzinga Pro.
Below are some significant oversold stocks in the consumer staples sector, with RSIs near or below this critical level.
Origin Agritech Ltd. SEED
- On August 23, 2024, Origin Agritech appointed Mr. Weibin Yan as its new CEO. The company’s stock dropped approximately 20% in the past month, reaching a 52-week low of $1.37.
- RSI Value: 27
- SEED Price Action: Origin Agritech shares fell 2.2% to finish at $1.78 on Thursday.
- Benzinga Pro’s real-time newsfeed provided updates regarding SEED.
Safety Shot Inc SHOT
- On January 8, Safety Shot entered into a merger agreement with Yerbaé Brands Corp. YERBF. This deal proposes a combination of Safety Shot’s wellness products with Yerbaé’s plant-based energy drinks, aiming to boost market growth for both companies. Over the last five days, the stock has fallen about 17%, recording a 52-week low of $0.53.
- RSI Value: 28.7
- SHOT Price Action: Safety Shot shares declined by 1%, closing at $0.56 on Thursday.
- Benzinga Pro’s charting tool assisted in identifying trends for SHOT.
Heritage Distilling Holding Company Inc CASK
- On December 31, 2024, Heritage Distilling Company appointed Michael P. Carrosino as CFO. Justin Stiefel, CEO of HDC, expressed enthusiasm about the new appointment, highlighting Carrosino’s extensive experience across industries, which is expected to enhance the firm’s leadership and operational framework. The stock has plummeted nearly 47% over the past month, hitting a 52-week low of $1.05.
- RSI Value: 23.4
- CASK Price Action: Shares of Heritage Distilling slipped by 3.9%, closing at $1.23 on Thursday.
- Benzinga Pro’s signals feature indicated a potential breakout for CASK shares.
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