Unusual Social Activity Around Cummins (CMI) 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 Cummins ( CMI) as an unusual social activity candidate. In addition to specific proprietary factors, Trade-Ideas identified Cummins as such a stock due to the following factors:

  • CMI has more that 20x the normal benchmarked social activity for this time of the day compared to its average of 1.94 mentions/day.
  • CMI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $163.9 million.

Identifying stocks with 'Unusual Social Activity' tends to be a valuable process for traders looking to capitalize on the 'talk of the town' stocks that are basking in far more attention from the StockTwits financial community than normal. Good press? Bad press? It ultimately doesn't matter if it's good or bad if you know how to trade around the sentiment. Certain hedge funds use such data for their proprietary algorithms and it is not uncommon to see shared social sentiment play itself out in a stock's price trend.

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More details on CMI:

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates in four segments: Engine, Components, Power Generation, and Distribution. The stock currently has a dividend yield of 2.1%. CMI has a PE ratio of 18.3. Currently there are 11 analysts that rate Cummins a buy, no analysts rate it a sell, and 5 rate it a hold.

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