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.

Galaxy Digital Inc (NASDAQ:GLXY)

  • On July 15, Grove and Galaxy Digital announced a $500 million warehouse lending facility. The company’s stock fell around 32% over the past month and has a 52-week low of $16.43.
  • RSI Value: 28.9
  • GLXY Price Action: Shares of Galaxy Digital fell 9.2% to close at $22.31 on Thursday.
  • Edge Stock Ratings: 10.24 Momentum score.

Innventure Inc (NASDAQ:INV)   

  • On June 30, Innventure named Bill Grieco as CEO, effective Oct. 1, succeeding Bill Haskell. “On behalf of the Board, I want to thank Bill Haskell for his leadership and dedication in building Innventure into the platform it is today, and we wish him all the best in his well-earned retirement,” said Mike Otworth, Innventure’s Executive Chairman. The company’s stock fell around 42% over the past month and has a 52-week low of $2.36.
  • RSI Value: 26.4   
  • INV Price Action: Shares of Innventure dipped 14.4% to close at $3.82 on Thursday.
  • Benzinga Pro’s charting tool helped identify the trend in INV stock.

Palmer Square Capital BDC Inc (NYSE:PSBD)

  • On July 2, JP Morgan analyst Richard Shane maintained Palmer Square Capital BDC with a Neutral and lowered the price target from $10 to $9.5. The company’s stock fell around 7% over the past month and has a 52-week low of $9.34.
  • RSI Value: 28.4
  • PSBD Price Action: Shares of Palmer Square Capital fell 1.8% to close at $10.03 on Thursday.
  • Benzinga Pro’s signals feature notified of a potential breakout in PSBD shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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