Down -54.85% in 4 Weeks, Here's Why Arvinas (ARVN) Looks Ripe for a Turnaround

Core Viewpoint - Arvinas, Inc. (ARVN) has experienced significant selling pressure, resulting in a 54.9% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted, indicating a potential turnaround for the company [1]. Group 1: Stock Performance and Technical Indicators - The stock is currently in oversold territory, with a Relative Strength Index (RSI) reading of 23.18, suggesting that the heavy selling may be exhausting itself and a price reversal could be imminent [5][6]. - A stock is generally considered oversold when its RSI falls below 30, indicating a potential entry opportunity for investors [2][3]. Group 2: Earnings Estimates and Analyst Sentiment - Over the last 30 days, the consensus earnings per share (EPS) estimate for ARVN has increased by 1.2%, reflecting a strong agreement among analysts to raise earnings estimates for the current year [6]. - ARVN 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, further supporting the potential for a turnaround [7].