Heavy Volume And Pre-Market Movement For Memorial Production Partners (MEMP)

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

  • MEMP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $9.6 million.
  • MEMP traded 194,740 shares today in the pre-market hours as of 7:40 AM, representing 44.7% of its average daily volume.

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More details on MEMP:

Memorial Production Partners LP, through its subsidiary, is engaged in the acquisition, development, exploitation, and production of oil and natural gas properties. The stock currently has a dividend yield of 9.4%. Currently there are 6 analysts that rate Memorial Production Partners a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Memorial Production Partners has been 525,000 shares per day over the past 30 days. Memorial Production has a market cap of $1.6 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.58 and a short float of 1.3% with 2.20 days to cover. Shares are up 7.8% year-to-date as of the close of trading on Tuesday.

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Wednesday's Ex-Dividends To Watch: MEMP, STON, SXT