On September 23, the following stocks were determined to be overbought: Optimer Pharmaceuticals, 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 Optimer Pharmaceuticals, Inc (OPTR) traded higher by 5.04% or $0.85/share to $17.72. In the past year, the shares have traded as low as $6.81 and as high as $17.24. On average, 1003740 shares of OPTR exchange hands on a given day and today's volume is recorded at 593565.
