Cree (CREE): Heavy Pre-Market Activity

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

  • CREE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $66.2 million.
  • CREE traded 305,906 shares today in the pre-market hours as of 8:58 AM, representing 20.3% of its average daily volume.

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More details on CREE:

Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, and Taiwan. CREE has a PE ratio of 48.9. Currently there are 9 analysts that rate Cree a buy, 2 analysts rate it a sell, and 6 rate it a hold.

The average volume for Cree has been 1.5 million shares per day over the past 30 days. Cree has a market cap of $6.0 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.77 and a short float of 11.7% with 8.29 days to cover. Shares are down 20.5% year-to-date as of the close of trading on Monday.

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