On April 30, the following stocks were determined to be overbought: Sunoco, Inc, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, Newcastle Investment Corp, Expedia Inc, and Gen-Probe 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 Sunoco, Inc (SUN) traded higher by 19.53% or $7.99/share to $48.9. In the past year, the shares have traded as low as $27.51 and as high as $42.82. On average, 2028660 shares of SUN exchange hands on a given day and today's volume is recorded at 8709564.
Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) fell by 0.69% or $-0.25/share to $36.13. In the past year, the shares have traded as low as $29.26 and as high as $37.00. On average, 437220 shares of TLK exchange hands on a given day and today's volume is recorded at 136034.
Shares of Newcastle Investment Corp (NCT) traded higher by 1.92% or $0.14/share to $7.18. In the past year, the shares have traded as low as $3.35 and as high as $7.07. On average, 1481010 shares of NCT exchange hands on a given day and today's volume is recorded at 377060.
Shares of Expedia Inc (EXPE) traded higher by 0.60% or $0.24/share to $40.55. In the past year, the shares have traded as low as $27.20 and as high as $47.98. On average, 3948820 shares of EXPE exchange hands on a given day and today's volume is recorded at 1999062.
Shares of Gen-Probe Inc (GPRO) traded higher by 18.83% or $12.94/share to $81.65. In the past year, the shares have traded as low as $53.92 and as high as $86.96. On average, 283020 shares of GPRO exchange hands on a given day and today's volume is recorded at 10345314.
