The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued 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 oversold when the RSI is below 30, according to Benzinga Pro.

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

Spectrum Brands Holdings, Inc. (NYSE:SPB)

• Spectrum Brands Holdings reported a fourth-quarter 2023 sales decline of 1.2% year-on-year to $740.70 million. "We started increasing our investments in marketing and advertising during the fourth quarter and will continue that trend going forward," said David Maura, Chairman and Chief Executive Officer of Spectrum Brands. The company's stock has a 52-week low of $48.97 .
• RSI Value: 28.61
• SPB Price Action: Shares of Spectrum Brands gained 0.5% to close at $66.58 on Monday.

Planet Green Holdings Corp. (NYSE:PLAG)

• The company's stock fell 42% over the past month. It has a 52-week low of $0.33.
• RSI Value: 28.86
• PLAG Price Action: Shares of Planet Green fell 6.9% to close at $0.3407 on Monday.

Upexi, Inc. (NASDAQ:UPXI)

• Upexi posted a wider-than-expected quarterly loss. "Revenue for our fiscal first quarter 2024 grew 144% year-over-year and 53.5% sequentially driven by growth in both branded products and re-commerce," commented CEO of Upexi, Allan Marshall. "While our cost cutting measures are now beginning to yield material year-over-year decreases in operating expenses as a percentage of revenue, we have also continued to invest significantly in the future growth of our brands." The company's stock has a 52-week low of $0.85.
• RSI Value: 25.70
• UPXI Price Action: Shares of Upexi fell 7.9% to close at $0.8750 on Monday.

Calavo Growers, Inc. (NASDAQ:CVGW)

• Calavo Growers posted upbeat quarterly earnings. "I am pleased with our performance in the third quarter. We achieved strong avocado margins as we concentrated our efforts on the fundamentals of our flagship avocado business," said Lee E. Cole, President and Chief Executive Officer of Calavo Growers, Inc. The company's 52-week low is $22.64.
• RSI Value: 29.67
• CVGW Price Action: Shares of Calavo Growers fell 5.1% to close at $23.08 on Monday.

22nd Century Group, Inc. (NASDAQ:XXII)

• 22nd Century entered into an agreement to sell substantially all of its GVB Biopharma Hemp/Cannabis operations. The company has a 52-week low of $0.2010.
• RSI Value: 20.24
• XXII Price Action: Shares of 22nd Century Group fell 6.3% to close at $0.2110 on Monday.

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