On August 25, the following stocks were determined to be overbought: Petrohawk Energy Corporation, Motorola Mobility Holdings, Inc, and Rayonier 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 Petrohawk Energy Corporation (HK) remained unchanged at $38.74. In the past year, the shares have traded as low as $14.32 and as high as $38.76. On average, 15512410 shares of HK exchange hands on a given day and today's volume is recorded at 392942.
Shares of Motorola Mobility Holdings, Inc (MMI) traded higher by 0.01% or $0.00/share to $37.94. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 6685210 shares of MMI exchange hands on a given day and today's volume is recorded at 1138599.
Shares of Rayonier Inc (RYN) traded higher by 65.36% or $15.89/share to $40.2. In the past year, the shares have traded as low as $18.40 and as high as $27.22. On average, 1621760 shares of RYN exchange hands on a given day and today's volume is recorded at 70181.
