On May 29, the following stocks were determined to be overbought: Standard Microsystems Corp, Kensey Nash Corporation, and Nationstar Mortgage Holdings 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 Standard Microsystems Corp (SMSC) traded higher by 0.08% or $0.03/share to $36.58. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 523230 shares of SMSC exchange hands on a given day and today's volume is recorded at 25793.
Shares of Kensey Nash Corporation (KNSY) fell by 0.05% or $-0.02/share to $38.5. In the past year, the shares have traded as low as $17.80 and as high as $38.69. On average, 124430 shares of KNSY exchange hands on a given day and today's volume is recorded at 20756.
Shares of Nationstar Mortgage Holdings Inc (NSM) traded higher by 7.81% or $1.38/share to $19.06. In the past year, the shares have traded as low as $13.00 and as high as $17.97. On average, 602400 shares of NSM exchange hands on a given day and today's volume is recorded at 442757.
