Benzinga - by Avi Kapoor, Benzinga Staff Writer.
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Howard Hughes Holdings Inc. (NYSE: HHH)
- On Feb. 27, Howard Hughes Holdings posted better-than-expected fourth-quarter earnings. “Howard Hughes produced outstanding results during the fourth quarter which ultimately contributed to record full year financial results in our MPC and Operating Assets segments,” commented David R. O’Reilly, Chief Executive Officer of Howard Hughes. “During a year that was overshadowed by negative headlines and considerable uncertainty for housing and office, the exceptional performance across HHH’s master planned communities highlights the resilience and appeal of the company’s world-class portfolio, as well as the strong demand we continue to see from people and companies seeking an amenity-rich, high-quality lifestyle in a natural setting. The company’s stock fell around 7% over the past month and has a 52-week low of $65.42 .
- RSI Value: 28.84
- HHH Price Action: Shares of Howard Hughes fell 1.5% to close at $71.01 on Friday.
- On March 14, Fathom Holdings posted downbeat quarterly results. "Throughout the year we remained focused on our growth strategy and took meaningful steps to better position Fathom for profitable growth in 2024," said Fathom CEO Marco Fregenal. "While the residential real estate industry remains challenging, we firmly believe that our future remains bright and by continuing to grow our agent base and optimize our cost structure, we are positioning Fathom for continued success as the industry rebounds." The company’s stock fell around 33% over the past month. It has a 52-week low of $1.74.
- RSI Value: 27.16
- FTHM Price Action: Shares of Fathom Holdings fell 0.5% to close at $1.92 on Friday.
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