Today's Dead Cat Bounce Stock Is ZIOPHARM Oncology (ZIOP)
Trade-Ideas LLC identified
(
) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified ZIOPHARM Oncology as such a stock due to the following factors:
- ZIOP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $16.6 million.
- ZIOP has traded 946,557 shares today.
- ZIOP is up 3.5% today.
- ZIOP was down 8% yesterday.
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More details on ZIOP:
ZIOPHARM Oncology, Inc., a biotechnology company, focuses on acquiring, developing, and commercializing a portfolio of cancer therapies that address unmet medical needs through synthetic immuno-oncology.
The average volume for ZIOPHARM Oncology has been 2.6 million shares per day over the past 30 days. ZIOPHARM Oncology has a market cap of $902.3 million and is part of the health care sector and drugs industry. The stock has a beta of 2.41 and a short float of 31.9% with 10.61 days to cover. Shares are down 15.8% year-to-date as of the close of trading on Monday.
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