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Thursday, May 3, 2012

Selling Overdone In These Names: (PBY), (LEAP), (HNT), (PBH), (KITD)

On May 3, these stocks were spotted as oversold: Pep Boys - Manny, Moe & Jack, Leap Wireless International Inc, Health Net, Inc, Prestige Brands Holdings, Inc, and KIT digital, 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 Pep Boys - Manny, Moe & Jack (PBY) fell by 0.45% or $-0.05/share to $11.15. In the past year, the shares have traded as low as $8.14 and as high as $15.46. On average, 1057910 shares of PBY exchange hands on a given day and today's volume is recorded at 1432811.

Shares of Leap Wireless International Inc (LEAP) fell by 1.16% or $-0.06/share to $5.11. In the past year, the shares have traded as low as $5.16 and as high as $17.66. On average, 1690660 shares of LEAP exchange hands on a given day and today's volume is recorded at 1266344.

Shares of Health Net, Inc (HNT) fell by 25.48% or $-9.26/share to $27.07. In the past year, the shares have traded as low as $20.51 and as high as $41.23. On average, 1022860 shares of HNT exchange hands on a given day and today's volume is recorded at 6124383.

Shares of Prestige Brands Holdings, Inc (PBH) fell by 14.92% or $-2.45/share to $13.97. In the past year, the shares have traded as low as $8.15 and as high as $17.86. On average, 608080 shares of PBH exchange hands on a given day and today's volume is recorded at 5855491.

Shares of KIT digital, Inc (KITD) fell by 32.65% or $-2.07/share to $4.27. In the past year, the shares have traded as low as $5.93 and as high as $12.73. On average, 1296710 shares of KITD exchange hands on a given day and today's volume is recorded at 8018684.