STMicroelectronics (STM): Heavy Pre-Market Activity

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

  • STM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $9.0 million.
  • STM traded 224,937 shares today in the pre-market hours as of 9:13 AM, representing 21.1% of its average daily volume.

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More details on STM:

STMicroelectronics N.V. designs, develops, manufactures, and markets various semiconductor integrated circuits and discrete devices worldwide. The stock currently has a dividend yield of 4.2%. STM has a PE ratio of 58. Currently there is 1 analyst that rates STMicroelectronics a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for STMicroelectronics has been 1.5 million shares per day over the past 30 days. STMicroelectronics has a market cap of $7.1 billion and is part of the technology sector and electronics industry. Shares are up 7.4% year-to-date as of the close of trading on Tuesday.

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