The Market Just Crossed a Dangerous Line

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Top 5 Financial Stocks Which You'll Regret Missing This Quarter

Lisa Levin
November 30, 2023

The most oversold stocks in the financial 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.

B. Riley Financial, Inc. (NASDAQ:RILY)

  • On Nov. 8, B. Riley Financial posted a loss for the third quarter. Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial said, "During the third quarter, we generated meaningful operating adjusted EBITDA consistent with our platform objectives to drive better results from a broader client set. Despite lower investment marks that reflect a difficult small cap market environment, we are as encouraged by the middle market setup as we have been in years and expect to take advantage of recent market dislocations." The company’s stock fell around 19% over the past five days and has a 52-week low of $16.65 .
  • RSI Value: 28.07
  • RILY Price Action: Shares of B. Riley Financial gained 1.8% to close at $18.23 on Wednesday.

Acacia Research Corporation (NASDAQ:ACTG)

  • On Nov. 13, Acacia Research posted a loss for the third quarter. Martin D. McNulty, Jr. "MJ", Interim Chief Executive Officer, stated, "In the last few weeks, our value-creation strategy has accelerated. We established a platform, in collaboration with accomplished executives we have worked with in the past, to acquire producing, cash generating oil and gas assets at what we believe will be favorable valuations." The company’s stock fell around 13% over the past six months. It has a 52-week low of $3.43.
  • RSI Value: 21.85
  • ACTG Price Action: Shares of Acacia Research fell 0.6% to close at $3.62 on Wednesday.

Central Plains Bancshares, Inc. (NASDAQ:CPBI)

  • Central Plains Bancshares has a market capitalization of $41.019 million. The company’s stock has a 52-week low of $8.20.
  • RSI Value: 22.25
  • CPBI Price Action: Shares of Central Plains Bancshares fell 0.5% to close at $9.93 on Wednesday.

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK)

  • On Oct. 23, Peoples Bancorp of NC reported a decline in EPS for the third quarter. The company’s shares lost around 17% year-to-date. The company’s 52-week low is $16.35.
  • RSI Value: 28.70
  • PEBK Price Action: Shares of Peoples Bancorp of North Carolina fell 0.2% to close at $27.00 on Wednesday.

Hawthorn Bancshares, Inc. (NASDAQ:HWBK)

  • On Oct. 25, Hawthorn Bancshares reported a decline in EPS for the third quarter. The company’s shares fell around 2% year-to-date. The company has a 52-week low of $15.02.
  • RSI Value: 26.58
  • HWBK Price Action: Shares of Hawthorn Bancshares rose 0.1% to close at $21.28 on Wednesday.

 

Read More: Kroger, Dell And 3 Stocks To Watch Heading Into Thursday

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