Top 2 Real Estate Stocks That Could Blast Off This Quarter
Portfolio Pulse from Avi Kapoor
The article highlights two oversold real estate stocks, Altisource Asset Management Corp (AAMC) and Wheeler Real Estate Investment Trust Inc (WHLR), with RSI values below 30, indicating potential undervaluation. AAMC plans to delist from NYSE, while WHLR reported financial results.
August 30, 2024 | 11:03 am
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Altisource Asset Management Corp (AAMC) is considered oversold with an RSI of 27.19. The company plans to voluntarily delist from NYSE American LLC, and its stock has fallen significantly, reaching a 52-week low.
AAMC's decision to delist from NYSE and its significant stock price drop suggest potential negative sentiment and uncertainty, likely leading to short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Wheeler Real Estate Investment Trust Inc (WHLR) is oversold with an RSI of 26.52. The company reported financial results, and its stock has dropped significantly, reaching a 52-week low.
WHLR's oversold status and recent financial results create a mixed outlook. While the low RSI suggests potential undervaluation, the significant stock drop indicates caution.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 85