On Wednesday, GoDaddy Inc (GDDY) shares hit an oversold RSI reading of 28.7, indicative of heavy selling, and traded as low as $163.14. In contrast, the S&P 500 ETF (SPY) has an RSI of 64.5. This situation presents a potential buying opportunity for investors looking to capitalize on the stock’s lower momentum.
GDDY’s 52-week range shows a low of $140.51 and a high of $216, with the last trade recorded at $163.90. Investors may see the declining RSI as a signal that selling pressure is waning.
