On June 12, the following stocks were determined to be overbought: Kensey Nash Corporation, Ardea Biosciences, Inc, Kongzhong Corp, and Standard Microsystems 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 Kensey Nash Corporation (KNSY) fell by 0.03% or $-0.01/share to $38.46. In the past year, the shares have traded as low as $17.80 and as high as $38.69. On average, 134160 shares of KNSY exchange hands on a given day and today's volume is recorded at 28179.
Shares of Ardea Biosciences, Inc (RDEA) fell by 0.03% or $-0.01/share to $31.96. In the past year, the shares have traded as low as $13.15 and as high as $31.98. On average, 1023300 shares of RDEA exchange hands on a given day and today's volume is recorded at 26627.
Shares of Kongzhong Corp (KONG) traded higher by 2.72% or $0.21/share to $7.93. In the past year, the shares have traded as low as $3.41 and as high as $7.93. On average, 79980 shares of KONG exchange hands on a given day and today's volume is recorded at 40356.
Shares of Standard Microsystems Corp (SMSC) traded higher by 0.14% or $0.05/share to $36.68. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 542740 shares of SMSC exchange hands on a given day and today's volume is recorded at 52034.
