Trade-Ideas: Halozyme Therapeutics (HALO) Is Today's

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

  • HALO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $24.5 million.
  • HALO has traded 147,446 shares today.
  • HALO is up 3% today.
  • HALO was down 5.1% yesterday.

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More details on HALO:

Halozyme Therapeutics, Inc., a biotechnology company, researches, develops, and commercializes human enzymes. Currently there are 2 analysts that rate Halozyme Therapeutics a buy, 1 analyst rates it a sell, and none rate it a hold.

The average volume for Halozyme Therapeutics has been 1.3 million shares per day over the past 30 days. Halozyme has a market cap of $2.8 billion and is part of the health care sector and drugs industry. The stock has a beta of 0.38 and a short float of 15.9% with 14.61 days to cover. Shares are up 126.1% year-to-date as of the close of trading on Wednesday.

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