On May 14, the following stocks were determined to be overbought: Kensey Nash Corporation, P.F. Chang's China Bistro, Inc, Arena Pharmaceuticals, Inc, Standard Microsystems Corp, and Hilltop Holdings 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 Kensey Nash Corporation (KNSY) traded higher by 0.03% or $0.01/share to $38.51. In the past year, the shares have traded as low as $17.80 and as high as $38.69. On average, 114050 shares of KNSY exchange hands on a given day and today's volume is recorded at 19366.
Shares of P.F. Chang's China Bistro, Inc (PFCB) fell by 0.19% or $-0.10/share to $51.28. In the past year, the shares have traded as low as $25.56 and as high as $51.39. On average, 819290 shares of PFCB exchange hands on a given day and today's volume is recorded at 126660.
Shares of Arena Pharmaceuticals, Inc (ARNA) traded higher by 4.40% or $0.28/share to $6.64. In the past year, the shares have traded as low as $1.23 and as high as $7.02. On average, 12936090 shares of ARNA exchange hands on a given day and today's volume is recorded at 11408804.
Shares of Standard Microsystems Corp (SMSC) fell by 0.14% or $-0.05/share to $36.48. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 455380 shares of SMSC exchange hands on a given day and today's volume is recorded at 85389.
Shares of Hilltop Holdings Inc (HTH) fell by 0.75% or $-0.08/share to $10.63. In the past year, the shares have traded as low as $6.88 and as high as $10.86. On average, 136980 shares of HTH exchange hands on a given day and today's volume is recorded at 87635.
