On May 7, the following stocks were determined to be overbought: Sunoco, Inc, Standard Microsystems Corp, Vertex Pharmaceuticals Incorporated, Ellie Mae, Inc. Common Stock, and Kensey Nash Corporation. 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) fell by 1.49% or $-0.75/share to $49.48. In the past year, the shares have traded as low as $27.51 and as high as $50.89. On average, 2464520 shares of SUN exchange hands on a given day and today's volume is recorded at 287743.
Shares of Standard Microsystems Corp (SMSC) fell by 0.03% or $-0.01/share to $36.4. In the past year, the shares have traded as low as $17.98 and as high as $36.60. On average, 404740 shares of SMSC exchange hands on a given day and today's volume is recorded at 52948.
Shares of Vertex Pharmaceuticals Incorporated (VRTX) traded higher by 42.34% or $15.84/share to $53.25. In the past year, the shares have traded as low as $26.50 and as high as $58.87. On average, 2391380 shares of VRTX exchange hands on a given day and today's volume is recorded at 12593766.
Shares of Ellie Mae, Inc. Common Stock (ELLI) fell by 0.45% or $-0.07/share to $15.5. In the past year, the shares have traded as low as $3.46 and as high as $15.65. On average, 102290 shares of ELLI exchange hands on a given day and today's volume is recorded at 43422.
Shares of Kensey Nash Corporation (KNSY) traded higher by 0.26% or $0.10/share to $38.42. In the past year, the shares have traded as low as $17.80 and as high as $38.49. On average, 106980 shares of KNSY exchange hands on a given day and today's volume is recorded at 24525.
