Hims & Hers Health Approaches Oversold Status in Market

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On Wednesday, shares of Hims & Hers Health Inc (Symbol: HIMS) reached an RSI reading of 29.4, entering oversold territory after trading as low as $38.26 per share. In comparison, the S&P 500 ETF (SPY) has an RSI of 58.6, indicating a shift in market sentiment.

The company’s 52-week range shows a low of $19.15 and a high of $72.98, with the last trade recorded at $39.02.

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