Today's Dead Cat Bounce Stock: Horizon Pharma (HZNP)

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

  • HZNP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $133.2 million.
  • HZNP has traded 101,816 shares today.
  • HZNP is up 3.9% today.
  • HZNP was down 6% yesterday.

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More details on HZNP:

Horizon Pharma plc, a specialty biopharmaceutical company, engages in identifying, developing, acquiring or in-licensing, and commercializing medicines for the treatment of arthritis, pain, inflammatory, and/or orphan diseases in the United States and internationally. Currently there are 5 analysts that rate Horizon Pharma a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Horizon Pharma has been 3.9 million shares per day over the past 30 days. Horizon has a market cap of $3.6 billion and is part of the health care sector and drugs industry. The stock has a beta of 2.15 and a short float of 8% with 1.76 days to cover. Shares are up 121.3% year-to-date as of the close of trading on Thursday.

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