Top 2 Real Estate Stocks That Could Blast Off This Quarter

Author: Avi Kapoor | August 30, 2024 07:03am

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.

Altisource Asset Management Corp (NYSE:AAMC)

• On Aug. 26, Altisource Asset Management announced intention to voluntarily delist and deregister its common stock from the NYSE American LLC. The company's stock fell around 50% over the past month and has a 52-week low of $1.10.
• RSI Value: 27.19
• AAMC Price Action: Shares of Altisource Asset Management fell 1.9% to close at $1.28 on Thursday.
• Benzinga Pro's real-time newsfeed alerted to latest AAMC news.

Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR)

• On Aug. 6, Wheeler Real Estate Investment Trust reported its financial and operating results for the three and six months ended June 30 on Form 10-Q. The company's stock fell around 78% over the past month. It has a 52-week low of $1.02.
• RSI Value: 26.52
• WHLR Price Action: Shares of Wheeler Real Estate Investment Trust fell 15.2% to close at $1.17 on Thursday.
• Benzinga Pro’s charting tool helped identify the trend in WHLR stock.

Read More:

• Dow Notches New Record Close But Nasdaq Falls Amid Decline In Nvidia Shares: Fear Index Enters ‘Greed’ Zone

Posted In: AAMC WHLR