On September 13, the following stocks were determined to be overbought: Heckmann Corporation, Penske Automotive Group, Inc, Walter Investment Management Corp, ANN INC, and Costamare 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 Heckmann Corporation (HEK) traded higher by 6.22% or $0.28/share to $4.78. In the past year, the shares have traded as low as $2.60 and as high as $7.05. On average, 2899910 shares of HEK exchange hands on a given day and today's volume is recorded at 2466387.
Shares of Penske Automotive Group, Inc (PAG) traded higher by 0.31% or $0.09/share to $29.4. In the past year, the shares have traded as low as $14.62 and as high as $29.69. On average, 484120 shares of PAG exchange hands on a given day and today's volume is recorded at 20431.
Shares of Walter Investment Management Corp (WAC) traded higher by 0.25% or $0.09/share to $35.73. In the past year, the shares have traded as low as $17.94 and as high as $35.74. On average, 32020 shares of WAC exchange hands on a given day and today's volume is recorded at 11975.
Shares of ANN INC (ANN) traded higher by 0.78% or $0.30/share to $38.29. In the past year, the shares have traded as low as $21.26 and as high as $38.74. On average, 1193750 shares of ANN exchange hands on a given day and today's volume is recorded at 52853.
Shares of Costamare Inc (CMRE) fell by 1.03% or $-0.16/share to $15.58. In the past year, the shares have traded as low as $10.10 and as high as $16.11. On average, 169450 shares of CMRE exchange hands on a given day and today's volume is recorded at 70746.
