On May 7, the following stocks were determined to be overbought: Ardea Biosciences, Inc, Papa John's International Inc, Gen-Probe Inc, P.F. Chang's China Bistro, Inc, and Warner Chilcott plc. 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 Ardea Biosciences, Inc (RDEA) remained unchanged at $31.7. In the past year, the shares have traded as low as $13.15 and as high as $31.89. On average, 923990 shares of RDEA exchange hands on a given day and today's volume is recorded at 56573.
Shares of Papa John's International Inc (PZZA) traded higher by 0.51% or $0.25/share to $49.36. In the past year, the shares have traded as low as $26.95 and as high as $49.91. On average, 170470 shares of PZZA exchange hands on a given day and today's volume is recorded at 12461.
Shares of Gen-Probe Inc (GPRO) traded higher by 0.18% or $0.15/share to $81.28. In the past year, the shares have traded as low as $53.92 and as high as $86.96. On average, 745020 shares of GPRO exchange hands on a given day and today's volume is recorded at 96586.
Shares of P.F. Chang's China Bistro, Inc (PFCB) traded higher by 0.02% or $0.01/share to $51.45. In the past year, the shares have traded as low as $25.71 and as high as $51.64. On average, 773560 shares of PFCB exchange hands on a given day and today's volume is recorded at 127356.
Shares of Warner Chilcott plc (WCRX) traded higher by 0.93% or $0.20/share to $21.75. In the past year, the shares have traded as low as $12.90 and as high as $25.92. On average, 2820570 shares of WCRX exchange hands on a given day and today's volume is recorded at 398674.
