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On Friday, shares of Grindr Inc (Symbol: GRND) reached an oversold level with a Relative Strength Index (RSI) of 29.7, trading as low as $15.46. The current RSI of the S&P 500 ETF (SPY) is 58.5. Investors may consider this 29.7 RSI reading as an indication of potential buying opportunities as recent heavy selling appears to be exhausting.
GRND’s 52-week low is $11.466 per share, while its high is $25.13, with the last trade recorded at $15.62.
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