Today's Dead Cat Bounce Stock: WageWorks (WAGE)

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

  • WAGE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.0 million.
  • WAGE has traded 114,463 shares today.
  • WAGE is up 3.3% today.
  • WAGE was down 8.3% yesterday.

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More details on WAGE:

WageWorks, Inc. provides consumer-directed benefits programs (CDBs) to employees to save money on taxes in the United States. WAGE has a PE ratio of 101.3. Currently there are 6 analysts that rate WageWorks a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for WageWorks has been 254,900 shares per day over the past 30 days. WageWorks has a market cap of $1.8 billion and is part of the services sector and diversified services industry. The stock has a beta of 0.74 and a short float of 3.8% with 4.37 days to cover. Shares are down 21.5% year-to-date as of the close of trading on Wednesday.

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