On July 31, the following stocks were determined to be overbought: Par Pharmaceutical Companies Inc, GeoEye, Inc, Kimball International, Inc, Rigel Pharmaceuticals, Inc, and Medifast 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 0.05% or $0.03/share to $50.03. In the past year, the shares have traded as low as $24.85 and as high as $52.33. On average, 731430 shares of PRX exchange hands on a given day and today's volume is recorded at 237716.
Shares of GeoEye, Inc (GEOY) fell by 0.83% or $-0.20/share to $24.48. In the past year, the shares have traded as low as $12.87 and as high as $41.07. On average, 387570 shares of GEOY exchange hands on a given day and today's volume is recorded at 182251.
Shares of Kimball International, Inc (KBALB) traded higher by 1.69% or $0.16/share to $9.6. In the past year, the shares have traded as low as $4.50 and as high as $9.44. On average, 97570 shares of KBALB exchange hands on a given day and today's volume is recorded at 136918.
Shares of Rigel Pharmaceuticals, Inc (RIGL) fell by 0.27% or $-0.03/share to $11.13. In the past year, the shares have traded as low as $6.57 and as high as $11.43. On average, 356380 shares of RIGL exchange hands on a given day and today's volume is recorded at 68144.
Shares of Medifast Inc (MED) traded higher by 3.45% or $0.92/share to $27.65. In the past year, the shares have traded as low as $12.97 and as high as $27.24. On average, 227790 shares of MED exchange hands on a given day and today's volume is recorded at 110524.
