On May 2, the following stocks were determined to be overbought: Synergy Pharmaceuticals, Inc, O'Reilly Automotive Inc, Sunoco, Inc, and P.F. Chang's China Bistro, 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 Synergy Pharmaceuticals, Inc (SGYP) traded higher by 1.90% or $0.11/share to $5.89. In the past year, the shares have traded as low as $1.86 and as high as $7.08. On average, 85300 shares of SGYP exchange hands on a given day and today's volume is recorded at 60527.
Shares of O'Reilly Automotive Inc (ORLY) traded higher by 0.36% or $0.38/share to $105.99. In the past year, the shares have traded as low as $56.25 and as high as $106.91. On average, 1029089 shares of ORLY exchange hands on a given day and today's volume is recorded at 189418.
Shares of Sunoco, Inc (SUN) fell by 0.42% or $-0.21/share to $49.51. In the past year, the shares have traded as low as $27.51 and as high as $50.15. On average, 2522700 shares of SUN exchange hands on a given day and today's volume is recorded at 1251596.
Shares of P.F. Chang's China Bistro, Inc (PFCB) fell by 0.16% or $-0.08/share to $51.4. In the past year, the shares have traded as low as $25.71 and as high as $51.64. On average, 706550 shares of PFCB exchange hands on a given day and today's volume is recorded at 473804.
