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Down -27.95% in 4 Weeks, Here's Why You Should You Buy the Dip in Inventiva (IVA)
InventivaInventiva(US:IVA) ZACKSยท2024-06-18 14:35

Group 1 - The stock of Inventiva S.A. Sponsored ADR (IVA) has experienced a significant downtrend, declining 28% over the past four weeks due to excessive selling pressure [1] - The stock is currently in oversold territory, indicated by an RSI reading of 28.42, suggesting a potential trend reversal [2][3] - Analysts have raised earnings estimates for IVA by 0.5% over the last 30 days, indicating a consensus that the company may report better earnings than previously predicted [3] Group 2 - The Zacks Rank for IVA is 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [3]