Cavium (CAVM) Hits New Lifetime High Today

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Trade-Ideas LLC identified Cavium ( CAVM) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Cavium as such a stock due to the following factors:

  • CAVM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $45.8 million.
  • CAVM has traded 26,949 shares today.
  • CAVM is trading at a new lifetime high.

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More details on CAVM:

Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks. The company operates through Semiconductor Products, and Software and Services segments. Currently there are 10 analysts that rate Cavium a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Cavium has been 863,800 shares per day over the past 30 days. Cavium has a market cap of $2.8 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.53 and a short float of 8.3% with 5.52 days to cover. Shares are up 52.3% year-to-date as of the close of trading on Monday.

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