On July 19, the following stocks were determined to be overbought: Brightpoint Inc, j2 Global, Inc, Par Pharmaceutical Companies Inc, Grupo Aeroportuario Del Sureste SA de CV, and Fortress Investment Group LLC. 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 Brightpoint Inc (CELL) fell by 0.17% or $-0.02/share to $8.95. In the past year, the shares have traded as low as $4.50 and as high as $12.04. On average, 1667630 shares of CELL exchange hands on a given day and today's volume is recorded at 390771.
Shares of j2 Global, Inc (JCOM) traded higher by 0.20% or $0.06/share to $29.61. In the past year, the shares have traded as low as $23.55 and as high as $31.93. On average, 439170 shares of JCOM exchange hands on a given day and today's volume is recorded at 153721.
Shares of Par Pharmaceutical Companies Inc (PRX) fell by 0.08% or $-0.04/share to $50.02. In the past year, the shares have traded as low as $24.85 and as high as $52.33. On average, 644890 shares of PRX exchange hands on a given day and today's volume is recorded at 935118.
Shares of Grupo Aeroportuario Del Sureste SA de CV (ASR) traded higher by 7.35% or $5.84/share to $85.31. In the past year, the shares have traded as low as $46.09 and as high as $81.16. On average, 71420 shares of ASR exchange hands on a given day and today's volume is recorded at 122629.
Shares of Fortress Investment Group LLC (FIG) traded higher by 1.20% or $0.05/share to $3.81. In the past year, the shares have traded as low as $2.60 and as high as $4.66. On average, 1097800 shares of FIG exchange hands on a given day and today's volume is recorded at 238901.
