After Plunging -10.11% in 4 Weeks, Here's Why the Trend Might Reverse for PG&E (PCG)

Group 1 - PG&E (PCG) has experienced significant selling pressure, resulting in a 10.1% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted [1] - The stock is currently in oversold territory, indicated by an RSI reading of 29.65, suggesting a potential trend reversal is imminent [5] - There has been a consensus among sell-side analysts to raise earnings estimates for PCG, leading to a 0.1% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [6] Group 2 - PCG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [7]