Legendary investor Warren Buffett’s advice on market behavior emphasizes being fearful when others are greedy and vice versa. Recently, shares of Borr Drilling Ltd (Symbol: BORR) hit a Relative Strength Index (RSI) of 29.1, indicating they are oversold, during trading on Tuesday when prices dipped to $4.33 per share. This contrasts with the S&P 500 ETF (SPY), which has an RSI of 57.5.
Borr Drilling’s shares have experienced significant volatility in the past year, with a 52-week low at $1.79 and a high of $6.65, compared to the last trade of $4.32.
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