Hawaiian Holdings (HA) Showing Signs Of A Dead Cat Bounce Today

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

  • HA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $29.3 million.
  • HA has traded 59,452 shares today.
  • HA is up 5.6% today.
  • HA was down 6% yesterday.

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More details on HA:

Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. HA has a PE ratio of 15. Currently there are 4 analysts that rate Hawaiian Holdings a buy, 1 analyst rates it a sell, and 3 rate it a hold.

The average volume for Hawaiian Holdings has been 1.4 million shares per day over the past 30 days. Hawaiian has a market cap of $1.3 billion and is part of the services sector and transportation industry. The stock has a beta of 1.01 and a short float of 12.4% with 4.81 days to cover. Shares are down 5.5% year-to-date as of the close of trading on Friday.

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