On August 22, the following stocks were determined to be overbought: Par Pharmaceutical Companies Inc, Williams-Sonoma Inc, AMERIGROUP Corporation, Tesoro Corporation, and MagnaChip Semiconductor Corporation. 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 0.10% or $-0.05/share to $49.8. In the past year, the shares have traded as low as $24.85 and as high as $52.33. On average, 789470 shares of PRX exchange hands on a given day and today's volume is recorded at 93657.
Shares of Williams-Sonoma Inc (WSM) traded higher by 10.86% or $4.15/share to $42.38. In the past year, the shares have traded as low as $27.26 and as high as $40.49. On average, 1470190 shares of WSM exchange hands on a given day and today's volume is recorded at 4801691.
Shares of AMERIGROUP Corporation (AGP) traded higher by 0.07% or $0.06/share to $90.05. In the past year, the shares have traded as low as $37.57 and as high as $90.41. On average, 1409290 shares of AGP exchange hands on a given day and today's volume is recorded at 513774.
Shares of Tesoro Corporation (TSO) fell by 0.49% or $-0.19/share to $38.85. In the past year, the shares have traded as low as $17.43 and as high as $39.78. On average, 4555020 shares of TSO exchange hands on a given day and today's volume is recorded at 1271874.
Shares of MagnaChip Semiconductor Corporation (MX) traded higher by 0.21% or $0.03/share to $14.04. In the past year, the shares have traded as low as $5.10 and as high as $14.42. On average, 160560 shares of MX exchange hands on a given day and today's volume is recorded at 53505.
