Symantec (SYMC) Marked As A Dead Cat Bounce Stock

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

  • SYMC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $108.2 million.
  • SYMC has traded 2.8 million shares today.
  • SYMC is up 6.9% today.
  • SYMC was down 5.5% yesterday.

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More details on SYMC:

Symantec Corporation, together with its subsidiaries, provides security, backup, and availability solutions worldwide. Its products and services protect people and information in any environment from mobile devices and enterprise data centers to cloud-based systems. The stock currently has a dividend yield of 2.3%. SYMC has a PE ratio of 19. Currently there are 2 analysts that rate Symantec a buy, 2 analysts rate it a sell, and 15 rate it a hold.

The average volume for Symantec has been 4.3 million shares per day over the past 30 days. Symantec has a market cap of $17.7 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.24 and a short float of 1.8% with 1.65 days to cover. Shares are down 4.6% year-to-date as of the close of trading on Friday.

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