On Tuesday, shares of Ibotta Inc (Symbol: IBTA) hit an oversold territory with a Relative Strength Index (RSI) reading of 28.7, trading as low as $39.56 per share. In comparison, the current RSI of the S&P 500 ETF (SPY) stands at 64.6. Investors might interpret IBTA’s low RSI as a potential buying opportunity following recent heavy selling.
IBTA’s 52-week performance shows a low of $31.40 per share and a high of $79.80, with the last trade at $39.70.
