On June 20, the following stocks were determined to be overbought: Arena Pharmaceuticals, Inc, DexCom, Inc, Pharmacyclics Inc, B&G Foods Inc, and Pacira Pharmaceuticals 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 Arena Pharmaceuticals, Inc (ARNA) traded higher by 4.43% or $0.43/share to $10.13. In the past year, the shares have traded as low as $1.23 and as high as $10.34. On average, 18740760 shares of ARNA exchange hands on a given day and today's volume is recorded at 9670337.
Shares of DexCom, Inc (DXCM) traded higher by 0.15% or $0.02/share to $13.09. In the past year, the shares have traded as low as $6.75 and as high as $15.77. On average, 470820 shares of DXCM exchange hands on a given day and today's volume is recorded at 31426.
Shares of Pharmacyclics Inc (PCYC) traded higher by 2.95% or $1.26/share to $43.94. In the past year, the shares have traded as low as $8.59 and as high as $43.33. On average, 803490 shares of PCYC exchange hands on a given day and today's volume is recorded at 417054.
Shares of B&G Foods Inc (BGS) fell by 0.77% or $-0.21/share to $27.08. In the past year, the shares have traded as low as $14.97 and as high as $27.54. On average, 406210 shares of BGS exchange hands on a given day and today's volume is recorded at 167863.
Shares of Pacira Pharmaceuticals Inc (PCRX) fell by 0.53% or $-0.08/share to $15.04. In the past year, the shares have traded as low as $6.51 and as high as $15.18. On average, 272020 shares of PCRX exchange hands on a given day and today's volume is recorded at 98294.
