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Monday, May 21, 2012

Selling Overdone In These Names: (JEF), (ORI), (CELL), (CKP), (ABFS)

On May 21, these stocks were spotted as oversold: Jefferies Group, Inc, Old Republic International Corp, Brightpoint Inc, Checkpoint Systems Inc, and Arkansas Best Corporation. 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 Jefferies Group, Inc (JEF) traded higher by 1.60% or $0.20/share to $13.01. In the past year, the shares have traded as low as $9.41 and as high as $22.86. On average, 2115920 shares of JEF exchange hands on a given day and today's volume is recorded at 871580.

Shares of Old Republic International Corp (ORI) fell by 0.45% or $-0.04/share to $8.77. In the past year, the shares have traded as low as $6.89 and as high as $12.18. On average, 2319110 shares of ORI exchange hands on a given day and today's volume is recorded at 533277.

Shares of Brightpoint Inc (CELL) traded higher by 0.99% or $0.05/share to $5.12. In the past year, the shares have traded as low as $5.04 and as high as $12.05. On average, 656660 shares of CELL exchange hands on a given day and today's volume is recorded at 348592.

Shares of Checkpoint Systems Inc (CKP) fell by 1.71% or $-0.13/share to $7.49. In the past year, the shares have traded as low as $7.60 and as high as $18.50. On average, 268910 shares of CKP exchange hands on a given day and today's volume is recorded at 99808.

Shares of Arkansas Best Corporation (ABFS) traded higher by 1.93% or $0.24/share to $12.69. In the past year, the shares have traded as low as $12.38 and as high as $27.27. On average, 339800 shares of ABFS exchange hands on a given day and today's volume is recorded at 142509.