Today's Dead Cat Bounce Stock: Bruker (BRKR)

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

  • BRKR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $24.5 million.
  • BRKR has traded 2.9 million shares today.
  • BRKR is up 3.2% today.
  • BRKR was down 14.3% yesterday.

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More details on BRKR:

Bruker Corporation, together with its subsidiaries, designs, manufactures, sells, and services proprietary life science and materials research systems, and associated products worldwide. It operates through two segments, Bruker Scientific Instruments, and Bruker Energy & Supercon Technologies. BRKR has a PE ratio of 69. Currently there are 5 analysts that rate Bruker a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for Bruker has been 789,300 shares per day over the past 30 days. Bruker has a market cap of $3.8 billion and is part of the health care sector and health services industry. The stock has a beta of 0.45 and a short float of 7.6% with 5.12 days to cover. Shares are down 3% year-to-date as of the close of trading on Thursday.

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