Scientific Games (SGMS) In A Perilous Reversal

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

  • SGMS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $21.4 million.
  • SGMS has traded 64,870 shares today.
  • SGMS is down 3.2% today.
  • SGMS was up 8% yesterday.

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More details on SGMS:

Scientific Games Corporation provides technology-based products and services, and associated content for gaming and lottery markets worldwide. The company operates in three segments: Instant Products, Lottery Systems, and Gaming. Currently there are 4 analysts that rate Scientific Games a buy, 1 analyst rates it a sell, and 1 rates it a hold.

The average volume for Scientific Games has been 1.4 million shares per day over the past 30 days. Scientific Games has a market cap of $717.0 million and is part of the services sector and leisure industry. The stock has a beta of 1.96 and a short float of 10.3% with 2.51 days to cover. Shares are down 46% year-to-date as of the close of trading on Friday.

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