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

  • ROVI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $19.0 million.
  • ROVI has traded 330,742 shares today.
  • ROVI is up 3% today.
  • ROVI was down 5.2% yesterday.

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More details on ROVI:

Rovi Corporation provides integrated solutions for the discovery and personalization of digital entertainment to service providers and consumer electronics (CE) industry worldwide. Currently there are 4 analysts that rate Rovi a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Rovi has been 2.1 million shares per day over the past 30 days. Rovi has a market cap of $1.5 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.77 and a short float of 26.4% with 21.09 days to cover. Shares are down 27.3% year-to-date as of the close of trading on Monday.

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