Cal-Maine Foods (CALM) Showing Signs Of A Dead Cat Bounce Today

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

  • CALM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $85.4 million.
  • CALM has traded 315,800 shares today.
  • CALM is up 3.3% today.
  • CALM was down 6.7% yesterday.

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More details on CALM:

Cal-Maine Foods, Inc. produces, grades, packages, markets, and distributes shell eggs. The stock currently has a dividend yield of 2.4%. CALM has a PE ratio of 19. Currently there are no analysts that rate Cal-Maine Foods a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Cal-Maine Foods has been 719,400 shares per day over the past 30 days. Cal-Maine has a market cap of $2.5 billion and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 1.50 and a short float of 31.6% with 5.29 days to cover. Shares are up 37.3% year-to-date as of the close of trading on Tuesday.

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