Greenhill & Co., Inc.

The most overbought stocks in the financial sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Nu Holdings Ltd. (NYSE: NU) Nu Holdings reported better-than-expected first-quarter sales results. “Nu continues to build on its growth and profitability trajectory, posting a net income of $142 million. Revenue has nearly ...

Related tickers: GHL, NU, SYF, SOFI, AVDX.

JMP Securities analyst Devin Ryan downgraded Greenhill & Co Inc (NYSE: GHL) to Market Perform from Market Outperform.  The analyst downgraded the stock after the announcement of GHL's acquisition by Mizuho Financial Group Inc (NYSE: MFG). Yesterday, Mizuho entered into a definitive agreement to acquire Greenhill for $15 per share in an all-cash transaction, representing an enterprise value of approximately $550 million. Following the deal's ...Full story available on Benzinga.com

Related tickers: GHL, MFG.