Nike is among the most overbought stocks in the S&P 500. Here are the others

After taking a tumble this year, shares of Nike could be on track for further declines, according to one key metric. Stocks are seeing heavy losses this week. So far, the S & P 500 is down 1.8% on the week while the tech-focused Nasdaq Composite is trading about 2.5% lower. The Dow Jones Industrial Average has lost more than 1%.

Insurance giant Progressive is also deemed overbought. Shares of Progressive have gained 20% so far this year. Piper Sandler last week hiked its rating on Progressive to overweight from neutral, citing "stronger than expected September results." Other names on the list include Cigna , Cardinal Health , Allstate and Humana .

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is It Time for Utilities Stocks to Stop Stinking up the Joint?Stocks Analysis by Chris Kimble covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Chris Kimble's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Has Stress Fractures but No Clear BreaksStocks Analysis by Michele Schneider covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Michele Schneider's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

5 Stocks Wall Street Believes Will Stage a Remarkable Recovery in 2024Stocks Analysis by Investing.com (Ismael De La Cruz) covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Investing.com (Ismael De La Cruz)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

How Deep Will the Current Stock Market Drawdown Go?Stocks Analysis by James Picerno covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read James Picerno's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »