On July 4, the following stocks were determined to be overbought: McMoRan Exploration Co, Aqua America Inc, Altria Group Inc, Navidea Biopharmaceuticals, Inc, and Lincare Holdings 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 McMoRan Exploration Co (MMR) traded higher by 0.87% or $0.12/share to $13.86. In the past year, the shares have traded as low as $7.76 and as high as $18.83. On average, 2997200 shares of MMR exchange hands on a given day and today's volume is recorded at 2229482.
Shares of Aqua America Inc (WTR) traded higher by 0.70% or $0.18/share to $25.79. In the past year, the shares have traded as low as $18.72 and as high as $25.63. On average, 603240 shares of WTR exchange hands on a given day and today's volume is recorded at 285752.
Shares of Altria Group Inc (MO) traded higher by 0.09% or $0.03/share to $34.99. In the past year, the shares have traded as low as $21.96 and as high as $34.98. On average, 10808690 shares of MO exchange hands on a given day and today's volume is recorded at 4887601.
Shares of Navidea Biopharmaceuticals, Inc (NAVB) traded higher by 2.93% or $0.12/share to $4.21. In the past year, the shares have traded as low as $1.62 and as high as $4.09. On average, 514830 shares of NAVB exchange hands on a given day and today's volume is recorded at 1518311.
Shares of Lincare Holdings Inc (LNCR) fell by 0.07% or $-0.03/share to $41.31. In the past year, the shares have traded as low as $19.17 and as high as $41.44. On average, 4235680 shares of LNCR exchange hands on a given day and today's volume is recorded at 13241202.
