Cypress Semiconductor Stock Falls On Unusually High Volume (CY)
Cypress Semiconductor Corporation (Nasdaq:CY) is trading at unusually high volume Thursday with 6.9 million shares changing hands. It is currently at two times its average daily volume and trading down $1.04 (-9.5%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Cypress Semiconductor Corporation (Nasdaq: CY) is trading at unusually high volume Thursday with 6.9 million shares changing hands. It is currently at two times its average daily volume and trading down $1.04 (-9.5%) at $9.92 as of 1:10 p.m. ET.
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Cypress Semiconductor has a market cap of $1.66 billion and is part of the technology sector and electronics industry. Shares are up 4.3% year to date as of the close of trading on Wednesday. Cypress Semiconductor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets mixed-signal, programmable solutions, specialized semiconductor memories, and integrated semiconductor solutions. TheStreet Ratings rates Cypress Semiconductor as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full Cypress Semiconductor Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.