On June 8, the following stocks were determined to be overbought: Duke Energy Corporation, Standard Microsystems Corp, Consolidated Edison Inc, and Ardea Biosciences, 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 Duke Energy Corporation (DUK) traded higher by 0.39% or $0.09/share to $22.98. In the past year, the shares have traded as low as $16.06 and as high as $22.91. On average, 13261860 shares of DUK exchange hands on a given day and today's volume is recorded at 2800969.
Shares of Standard Microsystems Corp (SMSC) traded higher by 0.05% or $0.02/share to $36.66. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 538790 shares of SMSC exchange hands on a given day and today's volume is recorded at 25524.
Shares of Consolidated Edison Inc (ED) fell by 0.02% or $-0.01/share to $61.66. In the past year, the shares have traded as low as $47.17 and as high as $61.84. On average, 1490530 shares of ED exchange hands on a given day and today's volume is recorded at 264008.
Shares of Ardea Biosciences, Inc (RDEA) remained unchanged at $31.96. In the past year, the shares have traded as low as $13.15 and as high as $31.97. On average, 1027599 shares of RDEA exchange hands on a given day and today's volume is recorded at 26041.
