Orexigen Therapeutics (OREX) Marked As A Dead Cat Bounce Stock

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Trade-Ideas LLC identified Orexigen Therapeutics ( OREX) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Orexigen Therapeutics as such a stock due to the following factors:

  • OREX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $30.3 million.
  • OREX has traded 787,734 shares today.
  • OREX is up 3% today.
  • OREX was down 10.5% yesterday.

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More details on OREX:

Orexigen Therapeutics, Inc., a biopharmaceutical company, focuses on the development of pharmaceutical product candidates for the treatment of obesity. Currently there are 5 analysts that rate Orexigen Therapeutics a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Orexigen Therapeutics has been 3.1 million shares per day over the past 30 days. Orexigen has a market cap of $723.0 million and is part of the health care sector and drugs industry. The stock has a beta of 1.48 and a short float of 22.9% with 4.74 days to cover. Shares are down 6.2% year-to-date as of the close of trading on Thursday.

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