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Friday, July 27, 2012

Overselling Alert: (PPC), (CSTR), (HK), (GDOT), (MIG)

On July 27, these stocks were spotted as oversold: Pilgrim's Corp, Coinstar, Inc, Halcon Resources Corporation, Green Dot Corporation, and Meadowbrook Insurance Group 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 Pilgrim's Corp (PPC) fell by 1.49% or $-0.07/share to $4.64. In the past year, the shares have traded as low as $2.91 and as high as $8.68. On average, 866180 shares of PPC exchange hands on a given day and today's volume is recorded at 767663.

Shares of Coinstar, Inc (CSTR) fell by 12.83% or $-7.60/share to $51.62. In the past year, the shares have traded as low as $37.43 and as high as $71.82. On average, 1114930 shares of CSTR exchange hands on a given day and today's volume is recorded at 7682610.

Shares of Halcon Resources Corporation (HK) fell by 1.71% or $-0.12/share to $6.91. In the past year, the shares have traded as low as $1.80 and as high as $13.35. On average, 1067700 shares of HK exchange hands on a given day and today's volume is recorded at 1057531.

Shares of Green Dot Corporation (GDOT) fell by 57.72% or $-13.46/share to $9.86. In the past year, the shares have traded as low as $19.93 and as high as $36.59. On average, 471800 shares of GDOT exchange hands on a given day and today's volume is recorded at 14150796.

Shares of Meadowbrook Insurance Group Inc (MIG) traded higher by 0.61% or $0.04/share to $6.65. In the past year, the shares have traded as low as $6.55 and as high as $11.78. On average, 183520 shares of MIG exchange hands on a given day and today's volume is recorded at 151728.