Pixelworks (PXLW) Showing Signs Of A Dead Cat Bounce Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Pixelworks ( PXLW) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Pixelworks as such a stock due to the following factors:

  • PXLW has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $15.2 million.
  • PXLW has traded 230,409 shares today.
  • PXLW is up 3.4% today.
  • PXLW was down 6.2% yesterday.

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More details on PXLW:

Pixelworks, Inc. designs, develops, and markets video and pixel processing semiconductors, software, and custom ASIC solutions for digital video applications. Currently there is 1 analyst that rates Pixelworks a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Pixelworks has been 941,400 shares per day over the past 30 days. Pixelworks has a market cap of $196.5 million and is part of the technology sector and electronics industry. The stock has a beta of 0.57 and a short float of 13.1% with 1.33 days to cover. Shares are up 69.9% year-to-date as of the close of trading on Thursday.

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