Down -28.61% in 4 Weeks, Here's Why You Should You Buy the Dip in indie Semiconductor (INDI)
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indie Semiconductor (INDI) has seen a significant drop of 28.61% over the past four weeks, but it may be a good opportunity to buy. The stock is in oversold territory, and Wall Street analysts are revising earnings estimates higher, suggesting a potential trend reversal.
February 28, 2025 | 3:45 pm
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indie Semiconductor (INDI) has dropped 28.61% in the last four weeks, entering oversold territory. Analysts are revising earnings estimates higher, indicating a potential trend reversal.
The stock's significant drop suggests it is oversold, and the upward revision of earnings estimates by analysts indicates positive sentiment. These factors combined suggest a potential price increase in the short term.
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