Trade-Ideas: Rentrak (RENT) Is Today's

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

  • RENT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $29.8 million.
  • RENT has traded 50,815 shares today.
  • RENT is up 6.5% today.
  • RENT was down 5.2% yesterday.

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More details on RENT:

Rentrak Corporation operates as a media measurement and information company serving the entertainment, television, video, and advertising industries worldwide. Currently there are 5 analysts that rate Rentrak a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Rentrak has been 283,600 shares per day over the past 30 days. Rentrak has a market cap of $1.0 billion and is part of the services sector and diversified services industry. The stock has a beta of -0.06 and a short float of 19.9% with 5.29 days to cover. Shares are down 12.5% year-to-date as of the close of trading on Wednesday.

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