Legendary investor Warren Buffett’s advice to be fearful when others are greedy is echoed in recent market changes for Martin Marietta Materials, Inc. (MLM). On Tuesday, MLM shares hit an oversold Relative Strength Index (RSI) of 29.6, dropping as low as $580.73 per share. In contrast, the S&P 500 ETF (SPY) has an RSI of 41.5, suggesting potential buying opportunities as heavy selling may be exhausting.
MLM’s stock has experienced notable volatility over the past year, with a 52-week low of $441.94 and a high of $710.97, closing recently at $582.50.
