Today's Dead Cat Bounce Stock: WisdomTree Investments (WETF)

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

  • WETF has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $27.7 million.
  • WETF has traded 70,226 shares today.
  • WETF is up 8.7% today.
  • WETF was down 6.2% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in WETF with the Ticky from Trade-Ideas. See the FREE profile for WETF NOW at Trade-Ideas

More details on WETF:

WisdomTree Investments, Inc., through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. WETF has a PE ratio of 20.5. Currently there are 7 analysts that rate WisdomTree Investments a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for WisdomTree Investments has been 3.4 million shares per day over the past 30 days. WisdomTree Investments has a market cap of $1.4 billion and is part of the financial sector and financial services industry. The stock has a beta of 2.15 and a short float of 16.9% with 7.14 days to cover. Shares are down 38.2% year-to-date as of the close of trading on Wednesday.

If you liked this article you might like

BlackRock Gets Record ETF Inflows as Investors Sour on Stock Pickers

These Stocks Show Change of Direction

How to Build a Bond ETF Portfolio to Beat Rising Rates

Bullish and Bearish Reversals in the Market

C-Suite Sweet Spot: Insider Buying by CEO and CFO Is Worth Tracking