On May 4, the following stocks were determined to be overbought: Ardea Biosciences, Inc, Gen-Probe Inc, Standard Microsystems Corp, P.F. Chang's China Bistro, Inc, and AboveNet, 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 Ardea Biosciences, Inc (RDEA) fell by 0.05% or $-0.02/share to $31.68. In the past year, the shares have traded as low as $13.15 and as high as $31.88. On average, 897170 shares of RDEA exchange hands on a given day and today's volume is recorded at 245029.
Shares of Gen-Probe Inc (GPRO) fell by 0.16% or $-0.13/share to $81.31. In the past year, the shares have traded as low as $53.92 and as high as $86.96. On average, 708050 shares of GPRO exchange hands on a given day and today's volume is recorded at 1298686.
Shares of Standard Microsystems Corp (SMSC) fell by 0.05% or $-0.02/share to $36.41. In the past year, the shares have traded as low as $17.98 and as high as $36.60. On average, 391550 shares of SMSC exchange hands on a given day and today's volume is recorded at 128372.
Shares of P.F. Chang's China Bistro, Inc (PFCB) remained unchanged at $51.45. In the past year, the shares have traded as low as $25.71 and as high as $51.64. On average, 750950 shares of PFCB exchange hands on a given day and today's volume is recorded at 770734.
Shares of AboveNet, Inc (ABVT) traded higher by 0.06% or $0.05/share to $83.21. In the past year, the shares have traded as low as $49.79 and as high as $84.54. On average, 438910 shares of ABVT exchange hands on a given day and today's volume is recorded at 44455.
