On August 6, the following stocks were determined to be overbought: Par Pharmaceutical Companies Inc, Presidential Life Corp, Gap Inc, PennyMac Mortgage Investment Trust, and Tesoro Logistics LP. 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 Par Pharmaceutical Companies Inc (PRX) fell by 0.12% or $-0.06/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, 745090 shares of PRX exchange hands on a given day and today's volume is recorded at 158848.
Shares of Presidential Life Corp (PLFE) traded higher by 0.36% or $0.05/share to $13.97. In the past year, the shares have traded as low as $7.13 and as high as $14.00. On average, 153890 shares of PLFE exchange hands on a given day and today's volume is recorded at 29425.
Shares of Gap Inc (GPS) traded higher by 0.51% or $0.17/share to $33.63. In the past year, the shares have traded as low as $14.75 and as high as $34.02. On average, 6757200 shares of GPS exchange hands on a given day and today's volume is recorded at 2574634.
Shares of PennyMac Mortgage Investment Trust (PMT) traded higher by 0.63% or $0.14/share to $22.22. In the past year, the shares have traded as low as $12.91 and as high as $22.37. On average, 576100 shares of PMT exchange hands on a given day and today's volume is recorded at 350090.
Shares of Tesoro Logistics LP (TLLP) traded higher by 0.98% or $0.38/share to $39.0. In the past year, the shares have traded as low as $20.11 and as high as $39.37. On average, 61650 shares of TLLP exchange hands on a given day and today's volume is recorded at 21194.
