On May 21, the following stocks were determined to be overbought: Nationstar Mortgage Holdings Inc, Standard Microsystems Corp, and Kensey Nash Corporation. 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 Nationstar Mortgage Holdings Inc (NSM) traded higher by 2.12% or $0.36/share to $17.38. In the past year, the shares have traded as low as $13.00 and as high as $17.74. On average, 608220 shares of NSM exchange hands on a given day and today's volume is recorded at 110336.
Shares of Standard Microsystems Corp (SMSC) traded higher by 0.08% or $0.03/share to $36.44. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 490370 shares of SMSC exchange hands on a given day and today's volume is recorded at 326984.
Shares of Kensey Nash Corporation (KNSY) traded higher by 0.25% or $0.10/share to $38.49. In the past year, the shares have traded as low as $17.80 and as high as $38.69. On average, 120080 shares of KNSY exchange hands on a given day and today's volume is recorded at 17981.
