Group 1 - Marex Group PLC (MRX) has experienced a significant decline of 10.8% over the past four weeks, but it is now in oversold territory, indicating a potential trend reversal [1] - The Relative Strength Index (RSI) for MRX is currently at 29.38, suggesting that the heavy selling pressure may be exhausting, which could lead to a price rebound [5] - There is a strong consensus among Wall Street analysts that MRX will report better earnings than previously predicted, with a 5.2% increase in the consensus EPS estimate over the last 30 days [7] Group 2 - MRX 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 [8]
Down 10.8% in 4 Weeks, Here's Why You Should You Buy the Dip in Marex Group PLC (MRX)