Legendary investor Warren Buffett’s strategy of being fearful when others are greedy is reflected in the recent trading activity of USA TODAY Co Inc (Ticker: TDAY). On Tuesday, TDAY shares hit an oversold Relative Strength Index (RSI) of 28.5, suggesting that the stock is currently undervalued. The shares traded as low as $6.61 each, while the S&P 500 ETF (SPY) maintained a much higher RSI of 65.9.
In the last year, TDAY’s stock performance has shown a low of $3.43 and a high of $9.21, closing recently at $6.84. Investors may interpret the low RSI as a potential buying opportunity as heavy selling appears to be diminishing.
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