On July 6, the following stocks were determined to be overbought: SodaStream International Ltd, Peet's Coffee & Tea Inc, Kinetic Concepts Inc, AZZ Incorporated, and LivePerson 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 SodaStream International Ltd (SODA) traded higher by 6.16% or $4.34/share to $74.74. In the past year, the shares have traded as low as $23.15 and as high as $71.80. On average, 1124530 shares of SODA exchange hands on a given day and today's volume is recorded at 1435039.
Shares of Peet's Coffee & Tea Inc (PEET) fell by 0.99% or $-0.60/share to $60.27. In the past year, the shares have traded as low as $33.20 and as high as $61.52. On average, 154120 shares of PEET exchange hands on a given day and today's volume is recorded at 32336.
Shares of Kinetic Concepts Inc (KCI) traded higher by 10.55% or $6.20/share to $64.98. In the past year, the shares have traded as low as $31.84 and as high as $59.71. On average, 643900 shares of KCI exchange hands on a given day and today's volume is recorded at 2334493.
Shares of AZZ Incorporated (AZZ) fell by 0.36% or $-0.19/share to $52.19. In the past year, the shares have traded as low as $35.11 and as high as $53.30. On average, 75540 shares of AZZ exchange hands on a given day and today's volume is recorded at 17658.
Shares of LivePerson Inc (LPSN) traded higher by 0.07% or $0.01/share to $14.72. In the past year, the shares have traded as low as $6.05 and as high as $14.89. On average, 800710 shares of LPSN exchange hands on a given day and today's volume is recorded at 61177.
