5 Oversold Growth Stocks To Buy

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1. Penumbra, Inc. (NYSE:PEN)

Latest 14 Day RSI Reading: 15.99

Latest Trailing P/E Ratio: 336.48

Penumbra, Inc. (NYSE:PEN) sells medical devices that are used in surgical procedures. It beat Q2 2023 analyst EPS estimates by a wide margin, and Truist rated the stock as Buy in August 2023.

19 of the 943 hedge funds surveyed by Insider Monkey had invested in Penumbra, Inc. (NYSE:PEN) during Q1 2023. Kris Jenner, Gordon Bussard, and Graham Mcphail’s Rock Springs Capital Management is the biggest hedge fund investor through a $120 million stake.

Follow Penumbra Inc (NYSE:PEN)

Disclosure: None. You can also take a look at 14 Best Multibagger Stocks to Buy for 2024 and 10 Most Profitable Small Businesses in 2023.

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