Top 3 Financial Stocks Which Could Rescue Your Portfolio This Quarter

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.

Flywire Corp FLYW

• On March 24, Citigroup analyst Andrew Schmidt maintained Flywire with a Buy and lowered the price target from $26 to $13. The company’s stock fell around 43% over the past month and has a 52-week low of $8.62.
• RSI Value: 27.8
• FLYW Price Action: Shares of Flywire gained 1% to close at $10.06 on Monday.
• Edge Stock Ratings: 7.98 Momentum score with Value at 11.55.

Open Lending Corp LPRO   

• On March 20, Jefferies downgraded the stock from Buy to Hold and lowered its price target from $8 to $3.7. The company’s stock fell around 37% over the past month and has a 52-week low of $2.95.
• RSI Value: 27.3
• LPRO Price Action: Shares of Open Lending fell 1.4% to close at $3.30 on Monday.
• Benzinga Pro’s charting tool helped identify the trend in LPRO stock.

Acacia Research Corp ACTG

• On March 13, Acacia Research posted a narrower-than-expected quarterly loss. Martin (“MJ”) D. McNulty, Jr., Chief Executive Officer, stated, “2024 was a transformational year for Acacia. We continued executing our strategy of acquiring and building businesses with stable cash flow generation and scalability, specifically with two opportunistic acquisitions that we believe present attractive risk-adjusted return characteristics and that should create value for shareholders. We accomplished this while continuing to enhance our existing businesses and investments, and with a close eye on capital allocation.” The company’s stock fell around 19% over the past month and has a 52-week low of $3.37.
• RSI Value: 26.5
• ACTG Price Action: Shares of Acacia Research fell 0.6% to close at $3.40 on Monday.
• Benzinga Pro’s signals feature notified of a potential breakout in ACTG shares.

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