Today's Perilous Reversal Stock: Tidewater (TDW)

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

  • TDW has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $37.7 million.
  • TDW has traded 77,408 shares today.
  • TDW is down 3.1% today.
  • TDW was up 5.3% yesterday.

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More details on TDW:

Tidewater Inc. provides offshore service vessels and marine support services through the operation of a fleet of marine service vessels to the offshore energy industry worldwide. The stock currently has a dividend yield of 3.8%. Currently there are 3 analysts that rate Tidewater a buy, 2 analysts rate it a sell, and 1 rates it a hold.

The average volume for Tidewater has been 1.6 million shares per day over the past 30 days. Tidewater has a market cap of $1.2 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.98 and a short float of 20.8% with 10.62 days to cover. Shares are down 18.9% year-to-date as of the close of trading on Thursday.

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