Stock To Watch: Walter Energy (WLT) In Perilous Reversal

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Trade-Ideas LLC identified Walter Energy ( WLT) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Walter Energy as such a stock due to the following factors:

  • WLT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $22.9 million.
  • WLT has traded 1.3 million shares today.
  • WLT is down 3.7% today.
  • WLT was up 8.9% yesterday.

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More details on WLT:

Walter Energy, Inc. produces and exports metallurgical coal for the steel industry. The company operates through U.S. Operations, and Canadian and U.K. Operations segments. The stock currently has a dividend yield of 0.7%. Currently there are 2 analysts that rate Walter Energy a buy, 3 analysts rate it a sell, and 7 rate it a hold.

The average volume for Walter Energy has been 4.4 million shares per day over the past 30 days. Walter Energy has a market cap of $385.1 million and is part of the basic materials sector and metals & mining industry. The stock has a beta of 2.43 and a short float of 58.6% with 10.76 days to cover. Shares are down 64.8% year-to-date as of the close of trading on Tuesday.

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