Today's Dead Cat Bounce Stock: Dreamworks Animation SKG (DWA)

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

  • DWA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $19.8 million.
  • DWA has traded 372,565 shares today.
  • DWA is up 3.1% today.
  • DWA was down 5.2% yesterday.

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More details on DWA:

DreamWorks Animation SKG, Inc. engages in the development, production, and exploitation of animated films and their associated characters worldwide. The company operates in four segments: Feature Films, Television Series and Specials, Consumer Products, and New Media. Currently there are 3 analysts that rate Dreamworks Animation SKG a buy, 4 analysts rate it a sell, and 2 rate it a hold.

The average volume for Dreamworks Animation SKG has been 643,600 shares per day over the past 30 days. Dreamworks Animation SKG has a market cap of $2.2 billion and is part of the services sector and media industry. The stock has a beta of 0.56 and a short float of 43.7% with 18.05 days to cover. Shares are up 18.2% year-to-date as of the close of trading on Wednesday.

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