Perilous Reversal Stock: IGI (IG)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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

  • IG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.0 million.
  • IG has traded 142,301 shares today.
  • IG is down 3.3% today.
  • IG was up 7.3% yesterday.

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More details on IG:

IGI Laboratories, Inc. develops, manufactures, and markets topical formulations in the United States. The company sells its generic topical pharmaceutical products under the IGI label. Currently there are 3 analysts that rate IGI a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for IGI has been 731,700 shares per day over the past 30 days. IGI has a market cap of $360.0 million and is part of the health care sector and drugs industry. The stock has a beta of 0.55 and a short float of 1.9% with 0.96 days to cover. Shares are up 124.9% year-to-date as of the close of trading on Monday.

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