On Wednesday, shares of Morningstar Inc (Symbol: MORN) reached an oversold status with a Relative Strength Index (RSI) reading of 29.9, indicating significant selling pressure. The stock traded as low as $288.51 before closing at $289.21. In comparison, the S&P 500 ETF (SPY) has an RSI of 38.2, suggesting a relatively stronger condition.
Morningstar’s 52-week range shows a low point of $219.85 and a high point of $350.21. The current trading price is significantly closer to its 52-week low compared to its high.
