Cornerstone OnDemand (CSOD) Is Today's Dead Cat Bounce Stock

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

  • CSOD has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $35.8 million.
  • CSOD has traded 108,859 shares today.
  • CSOD is up 3.6% today.
  • CSOD was down 5.1% yesterday.

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More details on CSOD:

Cornerstone OnDemand, Inc. provides cloud-based talent management solutions delivered as software-as-a-service. It offers four integrated clouds for recruiting, learning management, performance management, and extended enterprise. Currently there are 7 analysts that rate Cornerstone OnDemand a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Cornerstone OnDemand has been 814,400 shares per day over the past 30 days. Cornerstone OnDemand has a market cap of $2.1 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.06 and a short float of 7.9% with 5.31 days to cover. Shares are down 23.8% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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