Today's Dead Cat Bounce Stock: Pernix Therapeutics Holdings (PTX)

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.

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

  • PTX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $13.0 million.
  • PTX has traded 134,250 shares today.
  • PTX is up 3.6% today.
  • PTX was down 7% yesterday.

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More details on PTX:

Pernix Therapeutics Holdings, Inc., a specialty pharmaceutical company, develops, manufactures, markets, and sells branded and generic pharmaceutical products. Currently there are 4 analysts that rate Pernix Therapeutics Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Pernix Therapeutics Holdings has been 973,000 shares per day over the past 30 days. Pernix has a market cap of $263.3 million and is part of the health care sector and drugs industry. The stock has a beta of 3.15 and a short float of 44.1% with 4.44 days to cover. Shares are down 26.9% year-to-date as of the close of trading on Thursday.

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Today's Weak On High Volume Stock: Pernix Therapeutics Holdings (PTX)

Pernix Therapeutics Holdings (PTX) Highlighted As Weak On High Volume