Thoratec (THOR) Trading With Heavy Volume Before Market Open

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

  • THOR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $15.2 million.
  • THOR traded 91,339 shares today in the pre-market hours as of 7:42 AM, representing 13.7% of its average daily volume.

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More details on THOR:

Thoratec Corporation develops, manufactures, and markets proprietary medical devices used for mechanical circulatory support for the treatment of heart failure patients. THOR has a PE ratio of 25.9. Currently there are 9 analysts that rate Thoratec a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Thoratec has been 483,500 shares per day over the past 30 days. Thoratec has a market cap of $1.9 billion and is part of the health care sector and health services industry. The stock has a beta of 0.82 and a short float of 5.6% with 5.53 days to cover. Shares are down 10.3% year-to-date as of the close of trading on Tuesday.

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