Summit Midstream Partners (SMLP): Heavy Pre-Market Activity

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 Summit Midstream Partners ( SMLP) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Summit Midstream Partners as such a stock due to the following factors:

  • SMLP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $7.9 million.
  • SMLP traded 102,200 shares today in the pre-market hours as of 7:30 AM, representing 39.3% of its average daily volume.

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More details on SMLP:

Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations, in North America. The company provides natural gas gathering, treating, and processing services.

The average volume for Summit Midstream Partners has been 34,600 shares per day over the past 30 days. Summit Midstream has a market cap of $1.2 billion and is part of the utilities sector and utilities industry. The stock has a beta of 1.13 and a short float of 0.6% with 0.38 days to cover.

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