Why Wolverine World Wide, Everi Holdings And Other Oversold Majors In The Consumer Discretionary Sector Look Promising

The most oversold stocks in the consumer discretionary sector present an opportunity to buy into undervalued companies.

Here’s the latest list of major oversold players in this sector.

Everi Holdings Inc. EVRI

• Last month, Everi Holdings reported weaker-than-expected earnings for its third quarter, while sales topped estimates. The company’s stock has a 52-week low of $14.46.
• EVRI Price Action: Shares of Everi were down 1.69% to $14.54 on Friday at publication.

Wolverine World Wide, Inc. WWW

• Last month, Wolverine World Wide reported worse-than-expected third-quarter results and lowered its guidance. The company also initiated a workforce reduction earlier this week. The company’s stock has a 52-week low of $10.03.
• WWW Price Action: Shares of Wolverine World Wide were up 2.44% at $10.52 Friday at publication.

Solid Power, Inc. SLDP

• Solid Power recently announced CEO transition, naming the company’s chair and president as interim CEO. Stifel analyst Vincent Anderson initiated coverage on Solid Power with a Hold rating and announced a price target of $5. The company’s stock has a 52-week low of $2.53.
• SLDP Price Action: Shares of Solid Power were up 1.87% at $2.67 Friday at publication.

Vacasa, Inc. VCSA

• Last month, Vacasa reported worse-than-expected third-quarter EPS results. The company’s 52-week low is $1.25.
• VCSA Price Action: Shares of Vacasa were down 0.77% at $1.29 Friday at publication.

Motorcar Parts of America, Inc. MPAA

• Motorcar Parts of America posted last month weaker-than-expected results for its second quarter. The company has a 52-week low of $10.66.
• MPAA Price Action: Shares of Motorcar Parts of America were down 0.95% at $10.90 Friday at publication.

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