General Cable (BGC) Marked As A Dead Cat Bounce Stock

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

  • BGC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $16.7 million.
  • BGC has traded 61,008 shares today.
  • BGC is up 3.1% today.
  • BGC was down 5.5% yesterday.

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More details on BGC:

General Cable Corporation designs, develops, manufactures, markets, and distributes copper, aluminum, and fiber optic wire and cable products for the energy, industrial, construction, and specialty and communications markets worldwide. The stock currently has a dividend yield of 3.5%. Currently there is 1 analyst that rates General Cable a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for General Cable has been 797,100 shares per day over the past 30 days. General Cable has a market cap of $1.0 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 2.17 and a short float of 7.9% with 4.40 days to cover. Shares are up 30.8% year-to-date as of the close of trading on Tuesday.

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