On May 1, the following stocks were determined to be overbought: Warner Chilcott plc, Barnes & Noble, Inc, Newcastle Investment Corp, Ecopetrol SA, and Altria Group 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 Warner Chilcott plc (WCRX) traded higher by 2.11% or $0.46/share to $22.27. In the past year, the shares have traded as low as $12.90 and as high as $25.92. On average, 2680770 shares of WCRX exchange hands on a given day and today's volume is recorded at 1862290.
Shares of Barnes & Noble, Inc (BKS) fell by 2.17% or $-0.45/share to $20.3. In the past year, the shares have traded as low as $9.35 and as high as $26.00. On average, 1754470 shares of BKS exchange hands on a given day and today's volume is recorded at 3058924.
Shares of Newcastle Investment Corp (NCT) traded higher by 1.56% or $0.11/share to $7.18. In the past year, the shares have traded as low as $3.35 and as high as $7.20. On average, 1545240 shares of NCT exchange hands on a given day and today's volume is recorded at 415618.
Shares of Ecopetrol SA (EC) traded higher by 4.13% or $2.67/share to $67.37. In the past year, the shares have traded as low as $35.00 and as high as $64.85. On average, 614950 shares of EC exchange hands on a given day and today's volume is recorded at 250246.
Shares of Altria Group Inc (MO) traded higher by 1.15% or $0.37/share to $32.58. In the past year, the shares have traded as low as $22.23 and as high as $32.25. On average, 10613640 shares of MO exchange hands on a given day and today's volume is recorded at 2089292.
