4 Financials Stocks Trading Near Highs Being Sold Off By Hedge Funds
Do you value the buying and selling trends of institutional investors? We ran a screen with this idea in mind. [More Stock Lists: Hedge Funds Are Cautious Of These 4 Auto Companies]
We began by screening the financials sector for stocks with strong momentum, trading within 5% of their 52-week highs.
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We then screened for those with bearish sentiment from institutional investors, with significant net institutional sales over the last quarter, representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to underperform in the future.
For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.
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Do you think these stocks are in hot water? Use this list as a starting point for your own analysis.