On September 17, the following stocks were determined to be overbought: Office Depot, Inc, Forest City Enterprises Inc, BofI Holding Inc, Gilead Sciences Inc, and Siemens AG. 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 Office Depot, Inc (ODP) traded higher by 6.48% or $0.16/share to $2.63. In the past year, the shares have traded as low as $1.51 and as high as $3.81. On average, 5310400 shares of ODP exchange hands on a given day and today's volume is recorded at 6502362.
Shares of Forest City Enterprises Inc (FCE-A) remained unchanged at $16.56. In the past year, the shares have traded as low as $9.32 and as high as $16.72. On average, 531880 shares of FCE-A exchange hands on a given day and today's volume is recorded at 75638.
Shares of BofI Holding Inc (BOFI) traded higher by 0.11% or $0.03/share to $26.4. In the past year, the shares have traded as low as $12.53 and as high as $26.61. On average, 61450 shares of BOFI exchange hands on a given day and today's volume is recorded at 15930.
Shares of Gilead Sciences Inc (GILD) traded higher by 3.76% or $2.33/share to $64.35. In the past year, the shares have traded as low as $34.45 and as high as $62.66. On average, 5602260 shares of GILD exchange hands on a given day and today's volume is recorded at 7146804.
Shares of Siemens AG (SI) fell by 0.13% or $-0.14/share to $104.16. In the past year, the shares have traded as low as $77.88 and as high as $107.60. On average, 667490 shares of SI exchange hands on a given day and today's volume is recorded at 213845.
