On May 8, the following stocks were determined to be overbought: Papa John's International Inc, Ardea Biosciences, Inc, Vertex Pharmaceuticals Incorporated, Gen-Probe Inc, and Standard Microsystems Corp. 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 Papa John's International Inc (PZZA) fell by 0.26% or $-0.13/share to $49.01. In the past year, the shares have traded as low as $26.95 and as high as $50.45. On average, 174110 shares of PZZA exchange hands on a given day and today's volume is recorded at 49824.
Shares of Ardea Biosciences, Inc (RDEA) fell by 0.06% or $-0.02/share to $31.68. In the past year, the shares have traded as low as $13.15 and as high as $31.89. On average, 939750 shares of RDEA exchange hands on a given day and today's volume is recorded at 84584.
Shares of Vertex Pharmaceuticals Incorporated (VRTX) traded higher by 2.29% or $1.33/share to $59.45. In the past year, the shares have traded as low as $26.50 and as high as $58.87. On average, 2931680 shares of VRTX exchange hands on a given day and today's volume is recorded at 5019297.
Shares of Gen-Probe Inc (GPRO) fell by 0.06% or $-0.05/share to $81.35. In the past year, the shares have traded as low as $53.92 and as high as $86.97. On average, 764150 shares of GPRO exchange hands on a given day and today's volume is recorded at 119511.
Shares of Standard Microsystems Corp (SMSC) fell by 0.14% or $-0.05/share to $36.44. In the past year, the shares have traded as low as $17.98 and as high as $36.60. On average, 429580 shares of SMSC exchange hands on a given day and today's volume is recorded at 95637.
