Tempur-Pedic International Stock Falls On Unusually High Volume (TPX)
Tempur-Pedic International (NYSE:TPX) is trading at unusually high volume Wednesday with 3.1 million shares changing hands. It is currently at two times its average daily volume and trading down $3.84 (-8.1%).
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) -- Tempur-Pedic International (NYSE: TPX) is trading at unusually high volume Wednesday with 3.1 million shares changing hands. It is currently at two times its average daily volume and trading down $3.84 (-8.1%) at $43.71 as of 3:05 p.m. ET.
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Tempur-Pedic International has a market cap of $2.84 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 51% year to date as of the close of trading on Tuesday. Tempur-Pedic International Inc. engages in the manufacture, marketing, and distribution of bedding products in North America and internationally. It offers mattresses, pillows, and adjustable bed bases, as well as various cushions and other comfort products. The company has a P/E ratio of 45.3, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Tempur-Pedic International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and premium valuation. You can view the full Tempur-Pedic International 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.