The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

• According to a Reuters report, SoftBank offloaded 21.5 million T-Mobile shares at $224 each. This price point reflects a discount of approximately 3% compared to T-Mobile's closing price of $230.99 on Monday. The company's stock fell around 9% over the past month and has a 52-week low of $173.74.
• RSI Value: 23.9
• TMUS Price Action: Shares of T-Mobile fell 4.1% to close at $221.43 on Tuesday.
• Edge Stock Ratings: 77.53 Momentum score with Value at 24.68.

• On Feb. 27, WPP reported fourth-quarter and 2024 preliminary results. Revenue for the year was 14.74 billion British pounds ($18.8 billion) compared to 14.85 billion British pounds in 2023. The company's stock fell around 13% over the past month and has a 52-week low of $31.52.
• RSI Value: 27.1
• WPP Price Action: Shares of WPP fell 4.2% to close at $35.23 on Tuesday.
• Benzinga Pro’s charting tool helped identify the trend in WPP stock.

• Vimeo’s Gillian Munson will step down as CFO effective Aug. 8. The company's stock fell around 10% over the past month and has a 52-week low of $3.44.
• RSI Value: 29.4
• VMEO Ltd Price Action: Shares of Vimeo fell 3% to close at $4.16 on Monday.
• Benzinga Pro’s signals feature notified of a potential breakout in VMEO shares.