Heavy Early Morning Activity On Time Warner Cable (TWC)

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 Time Warner Cable ( TWC) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Time Warner Cable as such a stock due to the following factors:

  • TWC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $768.8 million.
  • TWC traded 500,285 shares today in the pre-market hours as of 8:01 AM, representing 12% of its average daily volume.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in TWC with the Ticky from Trade-Ideas. See the FREE profile for TWC NOW at Trade-Ideas

More details on TWC:

Time Warner Cable Inc., together with its subsidiaries, provides video, high-speed data, and voice services in the United States. It operates in three segments: Residential Services, Business Services, and Other Operations. The stock currently has a dividend yield of 1.8%. TWC has a PE ratio of 24. Currently there are 10 analysts that rate Time Warner Cable a buy, 1 analyst rates it a sell, and 9 rate it a hold.

The average volume for Time Warner Cable has been 3.4 million shares per day over the past 30 days. Time Warner Cable has a market cap of $47.1 billion and is part of the services sector and media industry. The stock has a beta of 1.00 and a short float of 2.7% with 1.91 days to cover. Shares are up 8.8% year-to-date as of the close of trading on Thursday.

If you liked this article you might like

Discovery and Scripps Surge In Premarket Trading Amid Renewed Deal Talk

Netflix's Biggest Bear Warns the Company Is 'Hemorrhaging Cash' and Stock Could Crash 55%

Twitter Beats First-Quarter Earnings Estimate, Sees Active User Growth Increase

Avoid These 4 'Over-Owned' Stocks

AT&T and Time Warner Executives Head to Capital to Tout Merger