Penumbra Reaches Oversold Levels in Market Analysis

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On Tuesday, shares of Penumbra Inc (Symbol: PEN) fell into oversold territory with a Relative Strength Index (RSI) reading of 27.0, trading as low as $232.51 per share. This is significantly lower than the current RSI of the S&P 500 ETF (SPY), which stands at 69.2.

PEN’s 52-week range shows a low of $206.515 and a high of $310, with the last trade recorded at $235.50.

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