5 Most Oversold S&P 500 Stocks Right Now

In this article, we will take a look at the 5 most oversold S&P 500 stocks right now. To read our analysis of the recent market activity, you can go to the 10 Most Oversold S&P 500 Stocks Right Now.

5. Verisign, Inc. (NASDAQ:VRSN)

14-day RSI as of July 28: 29.33

Number of Hedge Fund Holders: 37

Verisign, Inc. (NASDAQ:VRSN), based in Reston, Virginia, is a leading global provider of domain name registry services and internet infrastructure. It enables the security, stability, and resiliency of key internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 global internet root servers, and providing registration services.

Verisign, Inc. (NASDAQ:VRSN) recorded another solid quarterly performance in Q2 2023 with revenue up by 6% y-o-y to $372 million and net income up by 11% y-o-y to $186 million. The Board of Directors of the company also approved an additional $1.14 billion share repurchase authorization which brings the total amount of authorized share repurchase program to $1.5 billion.

As of Q1 2023, 37 of the 943 hedge funds tracked by Insider Monkey owned shares of Verisign, Inc. (NASDAQ:VRSN), valued at $4.6 billion. Its largest hedge fund shareholder was Warren Buffett’s Berkshire Hathaway with ownership of 12.8 million shares valued at $2.7 billion.