500.com (WBAI) Showing Signs Of A Dead Cat Bounce Today

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Trade-Ideas LLC identified 500.com ( WBAI) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified 500.com as such a stock due to the following factors:

  • WBAI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $38.0 million.
  • WBAI has traded 115,362 shares today.
  • WBAI is up 19.6% today.
  • WBAI was down 8.8% yesterday.

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More details on WBAI:

500.com Limited provides online sports lottery services in the People's Republic of China. It operates as an aggregator and processor of lottery purchase orders from its registered user accounts. WBAI has a PE ratio of 34. Currently there is 1 analyst that rates 500.com a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for 500.com has been 1.9 million shares per day over the past 30 days. 500.com has a market cap of $808.6 million and is part of the services sector and leisure industry. Shares are up 50.2% year-to-date as of the close of trading on Friday.

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