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Thursday, May 17, 2012

Selling Overdone In These Names: (BLKB), (ELX), (JEF), (SNCR), (MOLX)

On May 17, these stocks were spotted as oversold: Blackbaud Inc, Emulex Corporation, Jefferies Group, Inc, Synchronoss Technologies, Inc, and Molex Inc. The price of these stocks have fallen sharply to level below their true value. This is interpreted as a sign that the stocks are undervalued and may represent a buying opportunity for investors.

Shares of Blackbaud Inc (BLKB) fell by 1.18% or $-0.31/share to $26.04. In the past year, the shares have traded as low as $20.64 and as high as $34.00. On average, 211010 shares of BLKB exchange hands on a given day and today's volume is recorded at 96756.

Shares of Emulex Corporation (ELX) traded higher by 0.70% or $0.05/share to $7.16. In the past year, the shares have traded as low as $5.86 and as high as $11.19. On average, 1250760 shares of ELX exchange hands on a given day and today's volume is recorded at 571605.

Shares of Jefferies Group, Inc (JEF) fell by 1.04% or $-0.14/share to $13.27. In the past year, the shares have traded as low as $9.41 and as high as $22.87. On average, 2115650 shares of JEF exchange hands on a given day and today's volume is recorded at 879264.

Shares of Synchronoss Technologies, Inc (SNCR) fell by 1.91% or $-0.39/share to $20.0. In the past year, the shares have traded as low as $19.70 and as high as $38.90. On average, 435120 shares of SNCR exchange hands on a given day and today's volume is recorded at 193730.

Shares of Molex Inc (MOLX) fell by 1.66% or $-0.40/share to $23.71. In the past year, the shares have traded as low as $18.06 and as high as $28.46. On average, 581540 shares of MOLX exchange hands on a given day and today's volume is recorded at 568374.