On May 2, the following stocks were determined to be overbought: Warner Chilcott plc, Newcastle Investment Corp, Standard Microsystems Corp, Cray Inc, and Papa John's International 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) fell by 1.41% or $-0.31/share to $21.71. In the past year, the shares have traded as low as $12.90 and as high as $25.92. On average, 2734210 shares of WCRX exchange hands on a given day and today's volume is recorded at 1026841.
Shares of Newcastle Investment Corp (NCT) remained unchanged at $7.12. In the past year, the shares have traded as low as $3.35 and as high as $7.24. On average, 1580940 shares of NCT exchange hands on a given day and today's volume is recorded at 236995.
Shares of Standard Microsystems Corp (SMSC) traded higher by 38.26% or $10.04/share to $36.28. In the past year, the shares have traded as low as $17.98 and as high as $28.25. On average, 127900 shares of SMSC exchange hands on a given day and today's volume is recorded at 8715823.
Shares of Cray Inc (CRAY) traded higher by 1.00% or $0.11/share to $11.09. In the past year, the shares have traded as low as $4.96 and as high as $11.42. On average, 343530 shares of CRAY exchange hands on a given day and today's volume is recorded at 122365.
Shares of Papa John's International Inc (PZZA) traded higher by 10.94% or $4.32/share to $43.81. In the past year, the shares have traded as low as $26.95 and as high as $40.82. On average, 140120 shares of PZZA exchange hands on a given day and today's volume is recorded at 256576.
