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Thursday, June 7, 2012

Overselling Alert: (TPX), (PBY)

On June 7, these stocks were spotted as oversold: Tempur Pedic International 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 Tempur Pedic International Inc (TPX) fell by 2.99% or $-0.67/share to $21.72. In the past year, the shares have traded as low as $21.92 and as high as $87.44. On average, 3493990 shares of TPX exchange hands on a given day and today's volume is recorded at 10713975.

Shares of Pep Boys - Manny, Moe & Jack (PBY) fell by 0.11% or $-0.01/share to $8.75. In the past year, the shares have traded as low as $8.13 and as high as $15.46. On average, 1278490 shares of PBY exchange hands on a given day and today's volume is recorded at 1244452.