Celldex Therapeutics (CLDX) Is Today's Dead Cat Bounce Stock

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

  • CLDX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $27.2 million.
  • CLDX has traded 126,142 shares today.
  • CLDX is up 3.2% today.
  • CLDX was down 8.5% yesterday.

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More details on CLDX:

Celldex Therapeutics, Inc., a biopharmaceutical company, focuses on the development, manufacture, and commercialization of novel therapeutics for human health care primarily in the United States. Currently there are 6 analysts that rate Celldex Therapeutics a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Celldex Therapeutics has been 2.5 million shares per day over the past 30 days. Celldex has a market cap of $1.2 billion and is part of the health care sector and drugs industry. The stock has a beta of 3.18 and a short float of 20.9% with 7.95 days to cover. Shares are down 45.6% year-to-date as of the close of trading on Thursday.

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