Benzinga - by Avi Kapoor, Benzinga Staff Writer.
The most oversold stocks in the consumer staples 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.
Herbalife Ltd. (NYSE: HLF)
- On Feb. 14, Herbalife reported mixed fourth-quarter financial results. The company’s stock fell around 32% over the past five days and has a 52-week low of $6.68 .
- RSI Value: 28.29
- HLF Price Action: Shares of Herbalife gained 2.4% to close at $8.26 on Tuesday.
- On Feb. 7, Universal posted third-quarter earnings of $2.12 per share, up from $1.67 per share in the year-ago period. George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal, stated, "Universal Corporation again delivered strong financial and operational performance in the third quarter of fiscal year 2024. Operating income and net income for the quarter were up 13% and 28%, respectively, relative to the third quarter of fiscal year 2023, which helped increase operating income and net income for the nine months of fiscal year 2024 by 20% and 13%, respectively, compared to the same period last fiscal year." The company’s stock fell around 17% over the past month. It has a 52-week low of $44.40.
- RSI Value: 22.77
- UVV Price Action: Shares of Universal Corporation fell 0.8% to close at $49.35 on Tuesday.
- On Feb. 14, Nu Skin reported fourth-quarter financial results. "While we continue to work toward our long-term vision of becoming the world’s leading integrated beauty and wellness platform, our progress was impacted by persistent macro-economic pressures and disruptions associated with transforming our business," said Ryan Napierski, Nu Skin president and CEO. The company’s stock fell around 28% over the past five days and has a 52-week low of $12.89.
- RSI Value: 21.93
- NUS Price Action: Shares of Nu Skin fell 4.8% to close at $13.03 on Tuesday.
- On Feb. 1, Stryve Foods announced a significant expansion in its distribution network. The company’s shares lost around 7% over the past five days. The company’s 52-week low is $1.35.
- RSI Value: 26.87
- SNAX Price Action: Shares of Stryve Foods fell 6.3% to close at $1.35 on Tuesday.
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