Oversold refers to stock that traders and analysts believe is trading below its worth. The stock is measured using the relative strength index (RSI). Stock measuring lower than 30 on the RSI is considered oversold. InterContinental Hotels Group stock currently holds an RSI rating of 29.3.
Oversold status normally happens for a short period and often occurs when a company has a negatively affecting incident that temporarily devalues the stock.
IHG shares were sold for as low as $60.95 on NASDAQ this week. The 52-week low for IHG is $49.03 per share and the highest at $69.23 per share.