Zedge, Inc.

The most overbought stocks in the communication services sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Lizhi Inc. (NASDAQ: LIZI) Lizhi reported a rise in quarterly sales results. “We are pleased to announce a stellar performance for the first quarter, posting new record highs for both revenues and net income,” said Mr. Jinnan (Marco) Lai, Founder and CEO of LIZHI. The company’s stock has a 52-week high of $1.88 . RSI Value: 79.47 LIZI Price Action: Shares of Lizhi ...

Related tickers: TRMR, ZDGE, OCG, LIZI, YALA.

Gainers Arbe Robotics Ltd. (NASDAQ: ARBE) gained 62.8% to $7.08. Arbe Robotics is expected to report its financial results for the fourth quarter on Thursday, March 2, 2023. Ambrx Biopharma Inc. (NYSE: AMAM) surged 59% to $5.17. Ambrx Biopharma recently announced initial data from its ongoing Phase 1 APEX-01 trial of ARX517, Ambrx's proprietary anti-PSMA ADC, in prostate cancer patients. Harbor Custom Development, Inc. (NASDAQ: HCDI) shares jumped 50.3% to $0.5260 after the company said it has contracted to sell mills Crossing townhomes for $14.25 million. Mobilicom Limited (NASDAQ: MOB) shares gained 37.4% to $2.1307 after the company announced it has entered a strategic partnership with Mistral, a prime contractor for the US Department of Defense. Sorrento Therapeutics, Inc. (NASDAQ: SRNE) jumped 33% to $0.4151. LanzaTech Global, Inc. (NASDAQ: LNZA) gained 27.7% to $5.30. Atlas Lithium Corporation (NASDAQ: ATLX) rose 25.4% to $9.05. Chemomab Therapeutics Ltd. (NASDAQ: CMMB) jumped 25% to $2.45 after the company announced FDA clearance of its Investigational New Drug Application to evaluate CM-101 in a Phase 2 trial in adults with systemic sclerosis. Zedge, Inc. (NYSE: ZDGE) rose 21.1% to $3.27. Zedge, during December, posted a Q1 loss of $0.01 per share. Troika Media Group Inc (NASDAQ: TRKA) shares rose 20.6% to $0.2655 after dropping 4% on Friday. Helix Energy Solutions Group, Inc. (NYSE: HLX) surged 17.7% to $8.98 after the company posted a profit for the fourth quarter. Titan Medical Inc. (NASDAQ: TMDI) gained 16% to $0.2212. Siyata Mobile Inc. (NASDAQ: SYTA) rose 14% to $0.1733. Siyata received $750,000 order for its next generation push-to-talk over cellular solution. Travere Therapeutics, Inc. (NASDAQ: TVTX) jumped 13.6% to $20.24. The FDA granted accelerated approval to Travere Therapeutics’ Filspari (sparsentan) to reduce ...

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