Target Corp shares hit oversold territory amid heavy selling

In the United States, Target Corporation's shares notably entered what is defined as 'oversold territory' on Friday, March 28, 2025. This status signals that the stock may be undervalued, with an RSI reading of 29.4, which falls below the threshold typically associated with overselling. The Relative Strength Index is a common technical analysis tool that helps investors gauge the momentum of a stock, providing insights into whether selling pressure has become excessive. By comparison, the average RSI among dividend stocks monitored by Dividend Channel is 45.4, indicating that Target is significantly lagging behind its peers in terms of momentum. The low price action saw shares of Target trading as low as $102.37. This trading day's developments are of particular interest to investors, especially those focused on dividend investing. The company's recent annualized dividend of $4.48 per share translates to an annual yield of 4.21% based on the share price of $106.51. Investors considering Target Corporation during this period should take into account its dividend history as a potential indicator of future stability and growth. Additionally, heavy selling in the stock could suggest a temporary market correction, allowing savvy investors to look for buying opportunities as the selling pressure begins to ease. The current situation has led to increased discussions within investor circles regarding the possible timing for entering a position in Target as analysts and traders assess whether the oversold conditions might provide a favorable entry point for new investments.