On June 18, the following stocks were determined to be overbought: Southern Company, DexCom, Inc, and B&G Foods 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 Southern Company (SO) traded higher by 0.46% or $0.22/share to $48.22. In the past year, the shares have traded as low as $34.60 and as high as $48.19. On average, 4218420 shares of SO exchange hands on a given day and today's volume is recorded at 382112.
Shares of DexCom, Inc (DXCM) traded higher by 2.05% or $0.26/share to $12.95. In the past year, the shares have traded as low as $6.75 and as high as $15.77. On average, 458250 shares of DXCM exchange hands on a given day and today's volume is recorded at 61348.
Shares of B&G Foods Inc (BGS) traded higher by 1.94% or $0.51/share to $26.84. In the past year, the shares have traded as low as $14.97 and as high as $26.50. On average, 392970 shares of BGS exchange hands on a given day and today's volume is recorded at 75410.
