With the recent selling dragging down share prices, everyone's looking for potentially undervalued stocks.

That said, there are plenty of falling knives out there. But spotting them is easier said than done.

To help you find ideas, we had a look at institutional trading data, and identified a list of potentially undervalued stocks that have seen big outflows from money managers.

All of the stocks mentioned below have low PEG values, i.e. they appear to be undervalued relative to projected earnings growth.

However, institutional investors think there's more downside to these names--do you agree? Use this list as a starting point for your own analysis.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.