On July 16, the following stocks were determined to be overbought: Par Pharmaceutical Companies Inc, Antares Pharma Inc, Wal-Mart Stores Inc, Lincare Holdings Inc, and Aqua America 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 Par Pharmaceutical Companies Inc (PRX) traded higher by 36.52% or $13.36/share to $49.94. In the past year, the shares have traded as low as $24.85 and as high as $42.80. On average, 392000 shares of PRX exchange hands on a given day and today's volume is recorded at 8632845.
Shares of Antares Pharma Inc (ATRS) traded higher by 7.08% or $0.35/share to $5.26. In the past year, the shares have traded as low as $1.51 and as high as $5.25. On average, 1389260 shares of ATRS exchange hands on a given day and today's volume is recorded at 2331778.
Shares of Wal-Mart Stores Inc (WMT) fell by 0.31% or $-0.23/share to $72.96. In the past year, the shares have traded as low as $47.38 and as high as $73.28. On average, 11926760 shares of WMT exchange hands on a given day and today's volume is recorded at 4678726.
Shares of Lincare Holdings Inc (LNCR) traded higher by 0.04% or $0.02/share to $41.35. In the past year, the shares have traded as low as $19.08 and as high as $41.45. On average, 3949450 shares of LNCR exchange hands on a given day and today's volume is recorded at 1402543.
Shares of Aqua America Inc (WTR) fell by 0.52% or $-0.14/share to $26.71. In the past year, the shares have traded as low as $18.72 and as high as $26.88. On average, 629640 shares of WTR exchange hands on a given day and today's volume is recorded at 376702.
