On July 6, the following stocks were determined to be overbought: TriMas Corporation, Echo Global Logistics, Inc, Pegasystems Inc, Walter Investment Management Corp, and America's Car-Mart 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 TriMas Corporation (TRS) traded higher by 0.12% or $0.03/share to $25.82. In the past year, the shares have traded as low as $9.50 and as high as $26.00. On average, 297820 shares of TRS exchange hands on a given day and today's volume is recorded at 56633.
Shares of Echo Global Logistics, Inc (ECHO) traded higher by 1.99% or $0.36/share to $18.43. In the past year, the shares have traded as low as $9.85 and as high as $18.20. On average, 117880 shares of ECHO exchange hands on a given day and today's volume is recorded at 12447.
Shares of Pegasystems Inc (PEGA) fell by 1.44% or $-0.67/share to $46.17. In the past year, the shares have traded as low as $20.29 and as high as $47.14. On average, 191340 shares of PEGA exchange hands on a given day and today's volume is recorded at 59708.
Shares of Walter Investment Management Corp (WAC) traded higher by 0.04% or $0.01/share to $23.21. In the past year, the shares have traded as low as $14.78 and as high as $23.30. On average, 393440 shares of WAC exchange hands on a given day and today's volume is recorded at 133201.
Shares of America's Car-Mart Inc (CRMT) traded higher by 0.56% or $0.19/share to $34.32. In the past year, the shares have traded as low as $20.40 and as high as $34.17. On average, 54510 shares of CRMT exchange hands on a given day and today's volume is recorded at 22075.
