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Monday, June 4, 2012

Overselling Alert: (MMYT), (KEX), (TIVO), (CVI), (PBY)

On June 4, these stocks were spotted as oversold: MakeMyTrip Limited, Kirby Corporation, TiVo Inc, CVR Energy, Inc, and Pep Boys - Manny, Moe & Jack. 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 MakeMyTrip Limited (MMYT) traded higher by 3.10% or $0.39/share to $12.99. In the past year, the shares have traded as low as $12.26 and as high as $33.90. On average, 127100 shares of MMYT exchange hands on a given day and today's volume is recorded at 147976.

Shares of Kirby Corporation (KEX) fell by 1.75% or $-0.90/share to $50.42. In the past year, the shares have traded as low as $47.23 and as high as $70.61. On average, 552260 shares of KEX exchange hands on a given day and today's volume is recorded at 292579.

Shares of TiVo Inc (TIVO) fell by 0.25% or $-0.02/share to $8.05. In the past year, the shares have traded as low as $7.06 and as high as $12.37. On average, 2190830 shares of TIVO exchange hands on a given day and today's volume is recorded at 1522342.

Shares of CVR Energy, Inc (CVI) fell by 3.88% or $-0.96/share to $23.74. In the past year, the shares have traded as low as $16.62 and as high as $31.71. On average, 2166600 shares of CVI exchange hands on a given day and today's volume is recorded at 444125.

Shares of Pep Boys - Manny, Moe & Jack (PBY) fell by 0.89% or $-0.08/share to $8.88. In the past year, the shares have traded as low as $8.14 and as high as $15.46. On average, 1230660 shares of PBY exchange hands on a given day and today's volume is recorded at 959163.