On July 31, the following stocks were determined to be overbought: 8x8 Inc, Sun Healthcare Group, Inc, Gen-Probe Inc, GenCorp Inc, and Quest Software 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 8x8 Inc (EGHT) traded higher by 1.38% or $0.08/share to $5.53. In the past year, the shares have traded as low as $3.00 and as high as $5.47. On average, 580450 shares of EGHT exchange hands on a given day and today's volume is recorded at 601488.
Shares of Sun Healthcare Group, Inc (SUNH) remained unchanged at $8.37. In the past year, the shares have traded as low as $2.06 and as high as $8.50. On average, 888570 shares of SUNH exchange hands on a given day and today's volume is recorded at 94887.
Shares of Gen-Probe Inc (GPRO) traded higher by 0.05% or $0.04/share to $82.73. In the past year, the shares have traded as low as $53.92 and as high as $82.79. On average, 1111060 shares of GPRO exchange hands on a given day and today's volume is recorded at 307854.
Shares of GenCorp Inc (GY) traded higher by 1.31% or $0.11/share to $8.49. In the past year, the shares have traded as low as $3.74 and as high as $8.49. On average, 348020 shares of GY exchange hands on a given day and today's volume is recorded at 165264.
Shares of Quest Software Inc (QSFT) traded higher by 0.03% or $0.01/share to $27.94. In the past year, the shares have traded as low as $14.61 and as high as $27.99. On average, 1810090 shares of QSFT exchange hands on a given day and today's volume is recorded at 1649133.
