On Wednesday, shares of BBB Foods Inc (TBBB) dropped to an oversold status with a Relative Strength Index (RSI) reading of 28.6, indicating significant market fear. The stock traded as low as $25.45 per share, while the S&P 500 ETF (SPY) maintained a higher RSI of 59.3.
TBBB’s shares have a 52-week low of $21.72 and a high of $35.22, closing latest at $25.56. This downturn may present a potential buying opportunity for bullish investors given the exhaustion of recent selling pressure.
