Top 3 Financial Stocks That May Plunge In May

As of May 7, 2025, three stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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, according to Benzinga Pro.

Here’s the latest list of major overbought players in this sector.

Hanover Bancorp Inc HNVR

• On April 23, Hanover Bancorp posted better-than-expected quarterly earnings. Michael P. Puorro, Chairman and Chief Executive Officer, said, “We are pleased with our first quarter performance which reflected sizable improvements in Net Interest Income and Net Interest Margin that drove stronger adjusted ROTE and ROA for the period.” The company’s stock jumped around 17% over the past month and has a 52-week high of $27.14 .
• RSI Value: 80                                   
• HNVR Price Action: Shares of Hanover Bancorp fell 1.4% to close at $22.68 on Tuesday.

AvidXchange Holdings Inc AVDX

• On May 6, AvidXchange Holdings announced it entered into a definitive agreement to be acquired by TPG in partnership with Corpay for a valuation of $2.2 billion. “We are pleased to have reached an agreement that delivers significant value for AvidXchange stockholders and positions our business for long-term growth and success for our valued customers,” said Michael Praeger, CEO of AvidXchange. The company’s stock gained around 10% over the past month and has a 52-week high of $12.93.
• RSI Value: 73.8
• AVDX Price Action: Shares of AvidXchange fell 0.4% to close at $8.20 on Tuesday.
• Edge Stock Ratings: 27.51 Momentum score with Value at 14.60.

• On May 6, Flywire reported a year-over-year increase in first-quarter EPS results and better-than-expected sales results. “We are pleased with our 2025 first quarter results, as we signed more than 200 new clients, led by our Travel and Education verticals, and exceeded the high end of our FX Neutral Revenue Guidance, while expanding Adjusted EBITDA margins above our guidance mid-point,” said Mike Massaro, CEO of Flywire. The company’s stock gained around 10% over the past five days and has a 52-week high of $23.40.
• RSI Value: 76.3
• FLYW Price Action: Shares of Flywire gained 3.3% to close at $10.04 on Tuesday.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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