On May 1, the following stocks were determined to be overbought: Synergy Pharmaceuticals, Inc, Gen-Probe Inc, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, O'Reilly Automotive 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 5.90% or $0.35/share to $6.28. In the past year, the shares have traded as low as $1.86 and as high as $7.08. On average, 77590 shares of SGYP exchange hands on a given day and today's volume is recorded at 141466.
Shares of Gen-Probe Inc (GPRO) traded higher by 0.01% or $0.01/share to $81.56. In the past year, the shares have traded as low as $53.92 and as high as $86.96. On average, 579410 shares of GPRO exchange hands on a given day and today's volume is recorded at 1365701.
Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) fell by 0.52% or $-0.19/share to $36.02. In the past year, the shares have traded as low as $29.26 and as high as $37.00. On average, 448920 shares of TLK exchange hands on a given day and today's volume is recorded at 71061.
Shares of O'Reilly Automotive Inc (ORLY) traded higher by 0.55% or $0.58/share to $106.08. In the past year, the shares have traded as low as $56.25 and as high as $106.82. On average, 1024849 shares of ORLY exchange hands on a given day and today's volume is recorded at 379182.
Shares of P.F. Chang's China Bistro, Inc (PFCB) traded higher by 29.49% or $11.71/share to $51.4. In the past year, the shares have traded as low as $25.71 and as high as $41.46. On average, 527350 shares of PFCB exchange hands on a given day and today's volume is recorded at 6326497.
