On June 8, the following stocks were determined to be overbought: PRIMEDIA Inc. The demand for these stocks have pushed the prices of the underlying assets to levels that do not support the fundamentals. This is interpreted as a sign that the stocks are overvalued and may experience a pullback.
Shares of PRIMEDIA Inc (PRM) traded higher by 0.01% or $0.00/share to $7.07. In the past year, the shares have traded as low as $2.34 and as high as $7.11. On average, 264980 shares of PRM exchange hands on a given day and today's volume is recorded at 10792.
