On May 3, the following stocks were determined to be overbought: Sunoco, Inc, Papa John's International Inc, P.F. Chang's China Bistro, Inc, Warner Chilcott plc, and Human Genome Sciences 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 Sunoco, Inc (SUN) fell by 0.06% or $-0.03/share to $49.68. In the past year, the shares have traded as low as $27.51 and as high as $50.15. On average, 2531380 shares of SUN exchange hands on a given day and today's volume is recorded at 746898.
Shares of Papa John's International Inc (PZZA) traded higher by 1.30% or $0.62/share to $47.97. In the past year, the shares have traded as low as $26.95 and as high as $47.72. On average, 158620 shares of PZZA exchange hands on a given day and today's volume is recorded at 168113.
Shares of P.F. Chang's China Bistro, Inc (PFCB) fell by 0.04% or $-0.02/share to $51.43. In the past year, the shares have traded as low as $25.70 and as high as $51.64. On average, 735200 shares of PFCB exchange hands on a given day and today's volume is recorded at 451368.
Shares of Warner Chilcott plc (WCRX) fell by 0.86% or $-0.19/share to $21.78. In the past year, the shares have traded as low as $12.90 and as high as $25.92. On average, 2778750 shares of WCRX exchange hands on a given day and today's volume is recorded at 692425.
Shares of Human Genome Sciences Inc (HGSI) fell by 0.10% or $-0.01/share to $14.49. In the past year, the shares have traded as low as $6.51 and as high as $29.09. On average, 8788780 shares of HGSI exchange hands on a given day and today's volume is recorded at 683158.
