Dj African Agriculture Holdings Com, Inst Holders, 4Q 2024 (Aagr)

The most oversold stocks in the consumer staples 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.

African Agriculture Holdings Inc

• On Feb. 6, African Agriculture named Michael Rhodes as Chief Executive Officer. The company's stock fell around 48% over the past month and has a 52-week low of $0.16.
• RSI Value: 29.37
• AAGR Price Action: Shares of African Agriculture fell 4.4% to close at $0.17 on Monday.
• Benzinga Pro's real-time newsfeed alerted to latest African Agriculture news.

Moolec Science SA

• On July 15, Moolec signed an offtake agreement with a major global CPG Company to hit the US market in 2025. The company's stock fell around 14% over the past five days. It has a 52-week low of $0.83.
• RSI Value: 29.17
• MLEC Price Action: Shares of Moolec Science fell 12.8% to close at $0.89 on Monday.
• Benzinga Pro's charting tool helped identify the trend in Moolec Science stock.

Estee Lauder Companies Inc

• On July 15, DA Davidson analyst Linda Bolton Weiser maintained Estee Lauder with a Buy and maintained a $191 price target. The company's stock dipped around 12% over the past month and has a 52-week low of $99.80.
• RSI Value: 25.90
• EL Price Action: Shares of Estee Lauder fell 2.2% to close at $101.04 on Monday.
• Benzinga Pro's signals feature notified of a potential breakout in Estee Lauder shares.

ELEVAI Labs Inc

• On June 26, Elevai Labs announced CEO Jordan Plews’ intention to resign. The company's shares lost around 13% over the past five days. The company's 52-week low is $0.48.
• RSI Value: 26.07
• ELAB Price Action: Shares of ELEVAI Labs fell 0.2% to close at $0.50 on Monday.
• Benzinga Pro's earnings calendar was used to track ELEVAI Labs upcoming earnings report.

Read Next:

• Bank Of America, Morgan Stanley And Other 3 Stocks To Watch Heading Into Tuesday

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

We have the biggest pre-market stock movers that traders are going to want to start the week with on Monday morning!

Moving stocks this morning are Roaring Kitty news, a company filing for bankruptcy and more.

Let’s get into that news below!

Biggest Pre-Market Stock Movers: 10 Top Gainers

• Loop Media stock is rocketing 88% alongside heavy pre-market trading.
• Golden Heaven shares are soaring close to 43% with strong early morning trading.
• Chewy stock is surging almost 19% as Roaring Kitty takes a stake in the company.
• Mesoblast shares are increasing more than 16% on a new biologics license application.
• Barfresh Food stock is rising over 16% despite a lack of news this morning.
• Nukkleus shares are gaining nearly 15% with strong pre-market trading.
• Incannex Healthcare stock is climbing more than 12% without any clear news today.
• Tempus AI T shares are getting an over 13% boost with a recent rally after its initial public offering (IPO) last month.
• Lion Group stock is jumping more than 13% with heavy early morning trading today.
• Hollysys Automation Technology shares are up over 13% without any obvious news this morning.

10 Top Losers

• Delta Apparel stock is plummeting more than 34% despite no clear news this morning.
• Chicken Soup for the Soul Entertainment shares are diving over 20% after filing for Chapter 11 bankruptcy.
• African Agriculture stock is tumbling more than 14% alongside recent volatility.
• Chicken Soup for the Soul Entertainment shares are taking an over 14% beating with the bankruptcy filing.
• Chicken Soup for the Soul Entertainment, Inc. – 9.50% Notes due 2025 are sliding more than 12% alongside the bankruptcy news.
• Wang & Lee stock is falling 12% after a Friday rally.
• Lakeside L shares are dropping over 10% this morning.
• Li-Cycle stock is decreasing more than 10% on an at-market sales agreement.
• AgriForce Growing Systems shares are slipping over 10% on a delisting notice.
• Assure stock closes out our pre-market stock movers down more than 10%.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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US stocks look set to open modestly higher in Friday's trading session as key inflation data released earlier in the morning met expectations and indicated inflation is slowing down.

Dow Jones Industrial Average futures were up 0.01%, S&P 500 futures were rising 0.2%, and Nasdaq futures were moving 0.3% higher.

Oil prices were rising, with front-month global benchmarks North Sea Brent crude gaining 0.2% to $85.46 per barrel and US West Texas Intermediate crude gaining 0.4% to $82.03 per barrel.

The core PCE index for May, which measures how consumers spend their money excluding seasonal food and energy prices, rose 0.1% as expected compared with April, when it increased 0.2%. On an annual basis, the index rose 2.6% compared with 2.7% the previous month, which also met analysts' expectations.

Later in the morning the Chicago purchasing managers' index, which gauges the economic health of the manufacturing sector in the Chicago area, will be released. The index is expected to rise to 39.7 in June from 35.4 the previous month, according to Bloomberg.

In other world markets, Japan's Nikkei rose 0.6%, Hong Kong's Hang Seng nudged 0.01% higher, and China's Shanghai Composite gained 0.7%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was rising 0.2%, while Germany's DAX was down 0.02% and France's CAC was down 0.9%.

In equities, shares of Cosmos Health jumped 91% in Friday's premarket session after it said Thursday it signed an exclusive distribution deal with Pharmalink for its Sky Premium Life products in the UAE. Ormat Technologies advanced 2%, after a 1.5% gain on Thursday. African Agriculture shares surged 38%, following a 3% loss the previous session. Carisma Therapeutics climbed 28% after it said late Thursday that it nominated an in vivo CAR-M targeting Glypican-3 as the first development candidate under its collaboration with Moderna . And Ocean Power Technologies' stock rose 44% after it said Thursday that it signed an Original Equipment Manufacturer agreement to provide maritime technology to Teledyne Technologies subsidiary Teledyne Marine.

On the losing side, shares of Elicio Therapeutics plunged 39% after it said late Thursday that it launched an underwritten public offering of its shares and accompanying warrants. Nexalin Technology shares tumbled 35% following an 8% gain on Thursday. Accolade shares shed 32% after analysts at Morgan Stanley and Truist cut their price targets on the stock. Inspire Veterinary Partners' I stock lost 21% after surging 64% the previous session. And shares of Nike dropped 16% following multiple analyst downgrades after it reported lower Q4 revenue late Thursday that missed Street expectations.

Elicio Therapeutics stock is falling on Friday after the clinical-stage biotechnology company announced a proposed public offering.

Elicio Therapeutics has announced its plans for a public offering that will include shares of ELTX stock, warrants to purchase additional shares and pre-funded warrants. What the company doesn’t reveal is the size and pricing of the offering.

Elicio Therapeutics says that it intends to use the funds from the offering for “the advancement of its development pipeline.” It will also use the money for working capital and general corporate purposes.

What This Means for ELTX Stock

With this public offering will come an increase in the total number of ELTX shares outstanding. That will also result in the stakes of current investors in Elicio Therapeutics being diluted. That helps explain why shares of ELTX stock are falling on Friday.

To go along with that, investors are likely wary about the pricing of the offering. While it hasn’t been announced yet, it’s likely to be below the current price of the company’s stock. This will likely result in further drops for ELTX shares once the price is announced.

ELTX stock is down 36.2% as of Friday morning. That comes with 18,000 shares traded, as compared to a daily average of about 46,000 shares.

We have more of the most recent stock market stories worth reading about on Friday!

Our coverage includes all of the hottest market news traders need to know about today! That includes everything happening with shares of Nexalin Technology stock, Cosmos Health stock and African Agriculture stock this morning. You can catch up on all of these matters by checking out the links below!

More Stock Market News for Friday

• Why Is Nexalin Technology (NXL) Stock Down 35% Today?
• Why Is Cosmos Health (COSM) Stock Up 65% Today?
• Why Is African Agriculture (AAGR) Stock Up 55% Today?

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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