On February 28, the following stocks were determined to be overbought: Sears Holdings Corporation, Nomura Holdings, Inc, Michael Kors Holdings Ltd, Chico's FAS Inc, and Whirlpool Corp. 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 Sears Holdings Corporation (SHLD) traded higher by 0.43% or $0.30/share to $69.06. In the past year, the shares have traded as low as $28.89 and as high as $87.70. On average, 2182190 shares of SHLD exchange hands on a given day and today's volume is recorded at 697549.
Shares of Nomura Holdings, Inc (NMR) traded higher by 2.36% or $0.11/share to $4.77. In the past year, the shares have traded as low as $2.91 and as high as $6.37. On average, 364180 shares of NMR exchange hands on a given day and today's volume is recorded at 153869.
Shares of Michael Kors Holdings Ltd (KORS) traded higher by 0.02% or $0.01/share to $43.67. In the past year, the shares have traded as low as $23.51 and as high as $44.97. On average, 2328800 shares of KORS exchange hands on a given day and today's volume is recorded at 305202.
Shares of Chico's FAS Inc (CHS) traded higher by 0.67% or $0.10/share to $15.13. In the past year, the shares have traded as low as $9.52 and as high as $16.36. On average, 2974460 shares of CHS exchange hands on a given day and today's volume is recorded at 702650.
Shares of Whirlpool Corp (WHR) traded higher by 2.11% or $1.61/share to $77.71. In the past year, the shares have traded as low as $45.22 and as high as $89.81. On average, 2377440 shares of WHR exchange hands on a given day and today's volume is recorded at 878432.
