Zumiez (ZUMZ) Showing Signs Of A Dead Cat Bounce Today
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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 Zumiez as such a stock due to the following factors:
- ZUMZ has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $13.6 million.
- ZUMZ has traded 88,317 shares today.
- ZUMZ is up 3.1% today.
- ZUMZ was down 6.8% yesterday.
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More details on ZUMZ:
Zumiez Inc. operates as a multi-channel specialty retailer of action sports related apparel, footwear, accessories, and hardgoods. The company's stores focus on skateboarding, snowboarding, surfing, motocross, and bicycle motocross for young men and women. ZUMZ has a PE ratio of 17.7.
The average volume for Zumiez has been 279,700 shares per day over the past 30 days. Zumiez has a market cap of $837.9 million and is part of the services sector and specialty retail industry. The stock has a beta of 1.57 and a short float of 6.9% with 3.48 days to cover. Shares are up 9.7% year-to-date as of the close of trading on Monday.
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