Top 3 Defensive Stocks That Should Keep You Up At Night
Portfolio Pulse from Lisa Levin
The article identifies three overbought stocks in the consumer staples sector: Hostess Brands, Inc. (TWNK), Blue Apron Holdings, Inc. (APRN), and Thorne HealthTech, Inc. (THRN). All three companies have recently announced acquisition plans and have high Relative Strength Index (RSI) values, indicating they may be overvalued.
October 12, 2023 | 11:23 am
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NEGATIVE IMPACT
Blue Apron is overbought with an RSI of 77.76. The company is being acquired by Wonder Group for $13 per share.
The high RSI value indicates that the stock is overbought and may be overvalued. The acquisition could lead to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Thorne HealthTech is overbought with an RSI of 72.44. The company is being acquired by L Catterton for $10.20 per share.
The high RSI value indicates that the stock is overbought and may be overvalued. The acquisition could lead to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Hostess Brands is overbought with an RSI of 75.88. The company is being acquired by J. M. Smucker for $34.25 per share.
The high RSI value indicates that the stock is overbought and may be overvalued. The acquisition could lead to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100