New Zealand Stock Market
Overvalued stocks — New Zealand Stock Market
Stocks that have significantly increased in price due to a large demand are called overbought. This is often the case when there are too many buyers who push the price so high that it can’t be justified by company financials. When sellers start outweighing buyers, the price can change its direction. Another scenario that causes stocks to become overbought is when a company buys back its own stocks. Be careful when buying overvalued stocks as there could be a retracement.
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DGL
DELEGAT GROUP LTD NPV
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10.70 | 0.94% | 0.10 | Strong Buy | 6.060K | 1.072B | 20.34 | 0.52 | 200.00 | Consumer Non-Cyclicals |
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IPL
INVESTORE PROP LTD NPV
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1.73 | 0.58% | 0.01 | Strong Buy | 180.090K | 447.331M | 11.62 | 0.15 | — | Financials |
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PCT
PRECINCT PROPERTIE UNITS NPV
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1.69 | 1.81% | 0.03 | Buy | 611.688K | 2.010B | 7.68 | 0.22 | — | Financials |
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PLX
PLEXURE GROUP LTD NPV
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0.64 | 6.67% | 0.04 | Buy | 301.807K | 83.608M | — | -0.00 | — | Technology |
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SPG
STRIDE STAPLED GRP NPV UNITS
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2.15 | 0.94% | 0.02 | Buy | 337.676K | 778.083M | 7.63 | 0.28 | 14.00 | Financials |
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VGL
VISTA GROUP INTL NPV (POST CONSOLIDATION)
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5.79 | 1.58% | 0.09 | Strong Buy | 377.855K | 943.549M | — | — | 350.00 | Technology |
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