5 Most Oversold S&P 500 Stocks Right Now

1. Lamb Weston Holdings, Inc. (NYSE:LW)

14-day RSI as of July 28: 23.77

Number of Hedge Fund Holders: 49

Eagle, Idaho-based, Lamb Weston Holdings, Inc. (NYSE:LW) is a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. Its products are sold in more than 100 countries worldwide.

On February 28, Lamb Weston Holdings, Inc. (NYSE:LW) completed the acquisition of the remaining 50% stake in its European joint venture with Meijer Frozen Foods B.V. for a €525 million cash and €175 million stock consideration. The acquisition adds five additional manufacturing facilities to the company’s footprint worldwide.

On July 20, Barclays raised the price target on Lamb Weston Holdings, Inc. (NYSE:LW) shares to $125 from $120 and maintained an ‘Equal Weight’ rating for the shares. The target price represents a potential upside of 22.45% based on the share price on July 28.

Lamb Weston Holdings, Inc. (NYSE:LW) has made it to the top of our list of 10 most oversold S&P 500 stocks right now based on its 14-day RSI. In addition to being oversold, the shares of the company were also favored by some of the leading hedge funds. As of March 31, the stock featured in the portfolios of 49 of the 943 hedge funds tracked by Insider Monkey with the total value of shares held by these hedge funds amounting to $2.4 billion.

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