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

  • AIR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.4 million.
  • AIR has traded 540,604 shares today.
  • AIR is up 3.3% today.
  • AIR was down 11.8% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in AIR with the Ticky from Trade-Ideas. See the FREE profile for AIR NOW at Trade-Ideas

More details on AIR:

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates through two segments, Aviation Services and Technology Products. The stock currently has a dividend yield of 1.1%. AIR has a PE ratio of 16.1. Currently there is 1 analyst that rates AAR a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for AAR has been 225,700 shares per day over the past 30 days. AAR has a market cap of $1.1 billion and is part of the industrial goods sector and aerospace/defense industry. The stock has a beta of 2.14 and a short float of 8.7% with 4.92 days to cover. Shares are down 11.8% year-to-date as of the close of trading on Wednesday.

If you liked this article you might like

Amazon Could Rip the Face Off People Holding Retail Stocks, Again: Market Recon

Uber Fighting to Stay Ahead in Flying Car Initiative

5 Stocks That Could Be Squeezed Much Higher

SoftBank to Lead $1.2 Billion Funding in OneWeb for Satellite-Based Internet Access