Today's Dead Cat Bounce Stock: Rockwell Medical (RMTI)

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

  • RMTI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.4 million.
  • RMTI has traded 310,061 shares today.
  • RMTI is up 6.1% today.
  • RMTI was down 6.2% yesterday.

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More details on RMTI:

Rockwell Medical, Inc. operates as an integrated biopharmaceutical company in the United States and internationally. It offers products and services for the treatment of end-stage renal disease, chronic kidney disease, iron deficiency, secondary hyperparathyroidism, and hemodialysis. Currently there are 3 analysts that rate Rockwell Medical a buy, 1 analyst rates it a sell, and none rate it a hold.

The average volume for Rockwell Medical has been 535,300 shares per day over the past 30 days. Rockwell Medical has a market cap of $732.4 million and is part of the health care sector and drugs industry. The stock has a beta of 1.51 and a short float of 24.3% with 13.38 days to cover. Shares are up 41.7% year-to-date as of the close of trading on Wednesday.

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