Bill Barrett Corporation (BBG) Marked As A 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 Bill Barrett Corporation ( BBG) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Bill Barrett Corporation as such a stock due to the following factors:

  • BBG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $26.9 million.
  • BBG has traded 274,438 shares today.
  • BBG is up 3.2% today.
  • BBG was down 12.3% yesterday.

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More details on BBG:

Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. Currently there are 8 analysts that rate Bill Barrett Corporation a buy, 2 analysts rate it a sell, and 7 rate it a hold.

The average volume for Bill Barrett Corporation has been 995,900 shares per day over the past 30 days. Bill Barrett has a market cap of $1.2 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.49 and a short float of 19.6% with 5.61 days to cover. Shares are down 21.4% year-to-date as of the close of trading on Friday.

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