On July 4, the following stocks were determined to be overbought: Prestige Brands Holdings, Inc, Investors Real Estate Trust, Core-Mark Holding Company, Inc, UniSource Energy Corporation, and MAP Pharmaceuticals, 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 Prestige Brands Holdings, Inc (PBH) traded higher by 2.57% or $0.41/share to $16.35. In the past year, the shares have traded as low as $8.15 and as high as $17.86. On average, 536250 shares of PBH exchange hands on a given day and today's volume is recorded at 124669.
Shares of Investors Real Estate Trust (IRET) traded higher by 1.38% or $0.11/share to $8.09. In the past year, the shares have traded as low as $6.44 and as high as $8.11. On average, 339700 shares of IRET exchange hands on a given day and today's volume is recorded at 247171.
Shares of Core-Mark Holding Company, Inc (CORE) traded higher by 0.46% or $0.22/share to $48.57. In the past year, the shares have traded as low as $29.19 and as high as $48.39. On average, 57850 shares of CORE exchange hands on a given day and today's volume is recorded at 50441.
Shares of UniSource Energy Corporation (UNS) traded higher by 0.46% or $0.18/share to $39.26. In the past year, the shares have traded as low as $31.48 and as high as $39.08. On average, 313230 shares of UNS exchange hands on a given day and today's volume is recorded at 140099.
Shares of MAP Pharmaceuticals, Inc (MAPP) traded higher by 2.79% or $0.44/share to $16.21. In the past year, the shares have traded as low as $10.54 and as high as $17.92. On average, 342580 shares of MAPP exchange hands on a given day and today's volume is recorded at 239794.
