Today's Pre-Market Mover With Heavy Volume: Bally Technologies (BYI)

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Trade-Ideas LLC identified Bally Technologies ( BYI) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Bally Technologies as such a stock due to the following factors:

  • BYI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $44.2 million.
  • BYI traded 371,096 shares today in the pre-market hours as of 8:22 AM, representing 66.8% of its average daily volume.

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More details on BYI:

Bally Technologies, Inc., a gaming company, designs, manufactures, operates, and distributes advanced technology-based gaming devices, systems, server-based solutions, custom mobile applications, and interactive applications in the United States and internationally. BYI has a PE ratio of 19.4. Currently there are 8 analysts that rate Bally Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Bally Technologies has been 631,600 shares per day over the past 30 days. Bally has a market cap of $2.4 billion and is part of the services sector and leisure industry. The stock has a beta of 1.96 and a short float of 11.4% with 7.66 days to cover. Shares are down 22.5% year-to-date as of the close of trading on Wednesday.

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