5 Oversold MidCap Stocks To Buy

3. Penumbra, Inc. (NYSE:PEN)

Latest 14 Day RSI Score: 17.86

Penumbra, Inc. (NYSE:PEN) is a medical device manufacturer that sells products for complex procedures and diseases such as aneurysms and thrombectomy procedures. The firm reported strong earnings for 2023’s second quarter, as it beat EPS estimates and increased its 2023 sales guidance by $10 million to mark a minimum 25% annual growth.

Insider Monkey dug through 943 hedge funds for this year’s first quarter and discovered that 19 had invested in Penumbra, Inc. (NYSE:PEN). Kris Jenner, Gordon Bussard, and Graham Mcphail’s Rock Springs Capital Management is the largest investor since it owns a stake worth $120 million.

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