On Tuesday, shares of ZoomInfo Technologies Inc (GTM) hit an oversold Relative Strength Index (RSI) of 28.6, trading as low as $8.825 per share. This marks a significant point as a stock is considered oversold when the RSI falls below 30, suggesting the current sell-off may be nearing exhaustion. For context, the S&P 500 ETF (SPY) has an RSI of 39.2.
GTM’s trading range over the past year shows a low of $7.01 and a high of $12.63, reflecting a last trade at $8.79. Investors may view the low RSI reading as a potential entry point for buying as the recent heavy selling appears to be stabilizing.
