On August 6, the following stocks were determined to be overbought: Macquarie Infrastructure Company LLC, IPG Photonics Corporation, Tesoro Corporation, Elster Group SE, and AOL, 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 Macquarie Infrastructure Company LLC (MIC) traded higher by 2.07% or $0.81/share to $40.13. In the past year, the shares have traded as low as $19.46 and as high as $40.38. On average, 131450 shares of MIC exchange hands on a given day and today's volume is recorded at 193573.
Shares of IPG Photonics Corporation (IPGP) traded higher by 3.42% or $1.96/share to $59.2. In the past year, the shares have traded as low as $33.33 and as high as $64.45. On average, 608080 shares of IPGP exchange hands on a given day and today's volume is recorded at 541405.
Shares of Tesoro Corporation (TSO) traded higher by 3.49% or $1.11/share to $32.9. In the past year, the shares have traded as low as $17.43 and as high as $32.26. On average, 4236840 shares of TSO exchange hands on a given day and today's volume is recorded at 1964330.
Shares of Elster Group SE (ELT) fell by 0.07% or $-0.01/share to $20.47. In the past year, the shares have traded as low as $11.52 and as high as $20.50. On average, 1375140 shares of ELT exchange hands on a given day and today's volume is recorded at 633134.
Shares of AOL, Inc (AOL) traded higher by 3.28% or $1.07/share to $33.7. In the past year, the shares have traded as low as $10.06 and as high as $32.67. On average, 1787150 shares of AOL exchange hands on a given day and today's volume is recorded at 992029.
